Rising Bitcoin Price Correlates with Increase in Wrench Attacks
- At least 65 wrench attacks have been documented in a public database in 2025.
- Ledger co-founder David Balland was kidnapped in France, with one of his fingers severed for ransom.
- A family in Canada lost $1.6 million in crypto after being waterboarded and assaulted.
- In London, a U.S. resident lost $122,000 worth of cryptocurrency after being drugged and robbed.
- A student in Vienna was tortured and set on fire during an attack related to cryptocurrency theft.
The rise in Bitcoin‘s value has coincided with an increase in physical attacks targeting crypto holders, known as wrench attacks, which often involve extreme violence to extract access to digital assets.
These incidents highlight the severe risks associated with holding significant amounts of cryptocurrency without adequate security measures, as attackers employ brutal tactics to coerce victims into surrendering their holdings. (Source)
