France has become a global hotspot for so called wrench attacks, with authorities reporting at least 41 crypto-related kidnappings and home invasions so far this year an average of one incident every two to three days. These attacks involve criminals using physical force to compel victims to transfer digital assets, often targeting investors, executives, and even their families.
French officials have acknowledged the growing threat and announced new security measures to address the surge. Government representatives confirmed that prevention programs are already attracting thousands of participants, but additional action is being planned as incidents continue to increase.
Organized Criminal Groups Target Crypto Holders Using Personal Data
Security researchers warn that modern wrench attacks are shifting away from technical hacking toward personal targeting. Criminal groups increasingly gather information through social media, leaked databases, and public appearances to identify victims and track their daily routines.
Global data shows the trend is expanding beyond France. In 2025, there were 72 verified physical coercion incidents worldwide, marking a 75% increase from the previous year, while assault-related cases rose by 250% year-over-year.
Security Experts Recommend Multi-Signature Wallets and Withdrawal Limits
Investigators say many attackers quickly convert stolen assets into stablecoins and move funds across multiple blockchain networks, making recovery extremely difficult. The rise in cryptocurrency values has also increased the potential financial reward for criminals, making crypto holders more attractive targets.
Experts advise using multi-signature wallets, withdrawal delays, and spending limits to reduce risk. These measures cannot eliminate threats entirely but may limit losses and discourage attackers by restricting immediate access to large balances.
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.