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Crypto Crime Takes a Deadly Turn: 'Wrench Attacks' Skyrocket 75% in 2026
**The world of cryptocurrency has long been plagued by hacking and cyber threats, but a new report reveals a disturbing trend: physical violence is becoming an increasingly common tactic used by crypto thieves. The number of "wrench attacks" - where victims are coerced into handing over private keys through the use of violence or intimidation - jumped a staggering 75% in 2026, according to a study by cybersecurity firm CertiK.
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Europe Becomes Epicenter of Wrench Attacks
**The report paints a grim picture of crypto crime in Europe, where more than 40% of all wrench attacks took place. France emerged as the hotbed of activity, with 19 reported attacks - more than double the number seen in the United States. Organized crime groups have been increasingly targeting known crypto holders across France, Spain, and Sweden, using tactics such as home invasions, kidnappings, and even murder to get what they want.
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The 'Technical Paradox' Strikes Again
**As digital security continues to improve, making it harder for hackers to breach cryptocurrency systems, thieves have turned to more traditional methods. The report highlights the "Technical Paradox" - where stronger tech actually creates a vulnerability in human behavior. With hacking costs increasing, threatening someone with a weapon remains an effective tactic.
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Crypto Holders Become Targets
**The victims of wrench attacks are not just random targets, but often people who have been identified as crypto holders. In some cases, attackers forced entry into victims' homes, while in others they targeted spouses, children, or elderly parents to compel cooperation. So-called "honey pot" schemes - where attackers build fake romantic relationships to stage assaults - also featured prominently in the data.
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Losses Mount, Personal Safety Becomes a Concern
**The report estimates that over $40 million has been lost to wrench attacks, although this figure is likely a significant underestimate given the many unreported incidents. CertiK warns that personal safety is now an integral part of the crypto risk equation. In response, companies like insurance giant Lloyd's of London have started offering clients coverage that includes protection against wrench attacks.
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The Crypto Industry Must Act
**As the number of wrench attacks continues to rise, it's clear that the crypto industry must take a more proactive approach to protecting its users. With cryptocurrency adoption on the upswing, the risks associated with owning digital assets are becoming increasingly apparent. It's time for the industry to prioritize personal safety and provide adequate protection against physical threats.