MARA Spent $4.3M on CEO Security as Crypto Attacks Rise
Cointelegraph
Bitcoin miner MARA Holdings spent $4.3 million on CEO Fred Thiel's personal security in 2025 amid a global rise in crypto-related physical attacks.Summary
MARA Holdings, a major Bitcoin mining firm, reported $4.3 million in security expenses for CEO Fred Thiel in 2025, a significant increase from 2024. These costs included bodyguards, home security, and over $430,000 for an armored vehicle. CFO Salman Khan also received $3.9 million for similar security measures. The company's SEC filing highlights how physical threats, such as so-called "wrench attacks" where criminals use violence to seize digital assets, have become a material concern for crypto executives.
(Source：Cointelegraph)