Coinbase paid its CEO $6.20 million for personal security last year

On May 18th, according to Bloomberg reporter Emily Nicolle, Coinbase paid $6.20 million for personal security for its CEO Brian Armstrong last year, more than JPMorgan Chase, Goldman Sachs and Nvidia paid for the security of their executives combined. Recently, cryptocurrency tycoons have strengthened security measures and hired bodyguards to deal with potential threats due to frequent kidnappings and extortion incidents.