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MARA's security expenses for the CEO last year were $4.3 million due to an increase in cryptocurrency-related personal attacks.

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ME News Report, May 22 (UTC+8), Bitcoin mining company MARA Holdings plans to spend $4.3 million on personal security for its CEO Fred Thiel in 2025, including $430.78k for vehicle armor and expenses for residential and personal security. Documents show that related expenses for 2024 amount to $191.04k. Additionally, MARA also allocated $3.9 million for security for CFO Salman Khan in the same year. The report emphasizes that security costs for such companies are rising due to the increasing number of "wrench attacks" targeting cryptocurrency executives and investors. (Source: MLion)
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WalletHealthInspector
· 13h ago
This security budget matches the annual profit of small-cap companies.
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YieldBonsai
· 13h ago
Is Fred Thiel's car a tank modification? The armor cost is only 430k.
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NeonVortexTunnel
· 23h ago
The ultimate internal competition in the encryption industry: from competing in computing power to competing in bodyguards
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MarginMoth
· 05-22 16:17
The CFO also earns 3.9 million; is this security detail gold-plated?
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Salt-BakedSentimentChart
· 05-22 16:10
4.3 million dollars to insure the CEO, this market is more money-burning than mining.
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