Why the Crypto Elite Are Increasingly Relying on Personal Security By Cointelegraph



Security is paramount in crypto. “Keep your hardware wallets safe,” we’re told. “Keep your private keys safe.” “Keep your seed words safe.” “Keep your computer safe.” This list could go on almost indefinitely, and while you might be forgiven for assuming that it contained only objects of an electronic or cryptographic constitution, you’d be wrong. Because one of the most important links in this chain of security is your own self.

Yes, what good is a securely held private key if thieves force you at gunpoint to tell them what this key is? This might seem like an improbable risk for anyone with only modest savings in crypto, but for anyone with hundreds of thousands or even millions of dollars worth of in their wallets, it’s all too real. The kidnappings of Pavel Lerner and Skycoin’s “Synth” underline this point forcefully, so it’s no wonder that an increasing number of crypto millionaires and CEOs are choosing to enlist the services of personal bodyguards.

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