Digital Asset Holders Become Prime Targets
A growing wave of violent attacks has forced cryptocurrency holders to rethink their security. One notable example is the “Bitcoin Family,” who gained fame after investing their entire savings into Bitcoin in 2017. Following a surge in kidnappings, extortion, and armed robberies, the family has overhauled its crypto security protocol to reduce risks.
Private Keys Now Split Across Four Continents
To secure their assets, the family encrypted and divided their Bitcoin seed phrase into four parts, stored separately across four continents. These parts are etched onto fireproof metal plates and placed in physical locations, reducing reliance on a single point of failure like hardware wallets.
In addition, the seed phrase was personally encrypted by modifying key words, making it nearly impossible to use without additional context. This unique approach means that even under physical duress, only limited funds on mobile or hot wallets can be accessed.
From Nomads to Crypto Privacy Advocates
Living a global, nomadic lifestyle, the Bitcoin Family has long shared their journey promoting digital assets. However, after receiving threats and being tracked via social media, they no longer post real-time updates on their location.
Their new model holds about 65% of crypto assets in cold storage, with hot wallets protected through multisignature protocols for daily use and trading.
Global Rise in Crypto-Linked Crimes
Criminal activity targeting crypto investors has increased worldwide as digital assets surged in value. Between late 2024 and mid-2025, violent incidents tied to cryptocurrency ownership were reported in the UK, US, Canada, South Korea, and France.
In one case, UK gang members were convicted of kidnapping and torturing a crypto holder. In another, six individuals in Chicago abducted a family, demanding a $15 million crypto ransom. In South Korea, a failed robbery attempt targeting $730,000 in crypto led to the arrest of a Russian national.
Most recently, on May 13, three armed attackers attempted to kidnap the daughter and grandson of a prominent French crypto exchange founder. The victim resisted, wrestled a gun away from an assailant, and the attackers fled after bystanders intervened.
Conclusion: Advanced Protection Now Essential
The increasing risks highlight the need for advanced, decentralized crypto security solutions. By separating seed phrases, avoiding social media exposure, and using encryption, crypto holders can reduce vulnerability to targeted attacks in an increasingly dangerous environment.