Wrench Attacks on Crypto Holders Surge
Update: 2025-12-08
Description
Wrench Attacks on Crypto Holders: A Growing Concern - Physical attacks on cryptocurrency holders are escalating, with a recent kidnapping in France. Jameson Lopp, a chief security officer, reports a 169% increase in reported incidents in the past year. This trend is driving innovation in wallet design, with companies developing panic wallets for protection. The US leads in cases, but the risk is higher in places like the UAE and Iceland. Some holders are shifting to third-party custodians, raising concerns about centralization.
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