Crypto execs hiring private security after high-profile kidnappings, report
Wealthy crypto executives are reportedly scrambling to hire security services after Ledger CEO David Balland was abducted and mutilated over a €10 million ($10.5 million) crypto ransom. That’s according to a report from WIRED which spoke to Adam Healy, a former marine running a crypto-cybersecurity company. Healy claims that demand for these services has grown “considerably.” “Like any human emotion, fear is a significant motivator… The headlines certainly mobilize a lot of that concern,” he said. The report also highlights that hiring bodyguards today is less about flashy displays of wealth. Westminster Security’s Managing Director John Moore says that in 2013, after bitcoin’s surge, excessive security was performative. Now he claims, “ The Bitcoin Boys have grown up . They now go for low-key, covert protection.” Kidnapped crypto trader breaks ankles jumping from 30-foot balcony Read more: Pakistan police officer remanded over USDT theft and kidnapping...