Crypto Holders Under Siege: The Alarming Rise of Wrench Attacks in France

A surge in crypto-related kidnappings has placed France at the center of a global trend, with wrench attacks becoming increasingly frequent, brazen, and violent. The country has witnessed at least 41 such incidents this year, equivalent to one every two to three days. This disturbing phenomenon has prompted government officials to acknowledge the scale of the problem and pledge to implement new measures to tackle it. A prevention platform has already been launched, but authorities concede that further steps are necessary as the number of incidents continues to rise. The term 'wrench attack' refers to the use of physical force to gain access to digital assets, often proving easier for attackers than attempting to break encryption. According to security researchers and law enforcement data, the trend is not limited to France, with verified physical coercion incidents increasing by 75% globally in 2025. The way attackers identify victims has also shifted, with a greater emphasis on building profiles based on social media activity, public appearances, and leaked datasets. Researchers warn that anybody can be a potential victim, with mid-level holders and even families being targeted. The problem is exacerbated when attackers receive inside help from government officials, highlighting the need for enhanced security measures. Experts recommend measures such as multi-signature setups, withdrawal delays, and spending limits to reduce the risk of self-custody. As crypto adoption grows, the frequency and severity of attacks are increasing, transforming what was once a niche concern into a broader security risk.