According to an SEC disclosure, Coinbase CEO Brian Armstrong received $6.3 million in security benefits last year, which is more than triple the amount his security cost the company the year before. The increase in security costs was not explained in the company's executive compensation summary published last month. Armstrong's total compensation was $7.5 million in 2022, with the majority of his wealth coming from his holdings and sales of Coinbase stock. Despite his high security bill, all of Armstrong's senior colleagues received more annual compensation in 2022 than he did, with the vast majority of their compensation coming in the form of stock and option awards.