Physical attacks targeting cryptocurrency holders, commonly referred to as “wrench attacks,” escalated sharply in 2025, highlighting a growing security risk within the digital asset ecosystem. New data shows that these incidents are no longer isolated events but an emerging global threat linked directly to crypto ownership.
Sharp Rise in Physical Crypto Crime
Blockchain security firm CertiK reported 72 verified wrench attack cases worldwide in 2025, representing a 75% increase compared with the previous year. These incidents involved assaults, kidnappings, and coercion aimed at forcing victims or their relatives to hand over digital assets. CertiK described physical violence as an increasingly central threat vector for the crypto industry.
Confirmed financial losses from these attacks reached approximately $40.9 million during the year. Analysts caution that the real figure may be significantly higher due to underreported cases, private settlements, and ransoms that cannot be traced on-chain.
Geographic Hotspots and High-Profile Cases
France recorded the highest number of reported incidents, with 19 confirmed attacks, while Europe accounted for roughly 40% of all global cases. Several high-profile kidnappings drew international attention, reinforcing concerns that wealthy crypto holders are being deliberately targeted based on perceived asset holdings.
Beyond financial losses, the rise in wrench attacks has reshaped behavior among founders and high-net-worth investors, pushing some toward anonymity and relocation. Proposed countermeasures include panic wallets and emergency safeguards, though experts continue to stress discretion and privacy as the most effective personal defense strategies.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.