A surge in crypto-related kidnappings and home invasions, known as 'wrench attacks,' has put France at the forefront of a global issue. These attacks involve the use of physical force to gain access to digital assets, and their frequency and brutality are increasing.
According to recent data, there were 72 verified physical coercion incidents worldwide in 2025, representing a 75% increase from the previous year. The trend is attributed to the rising value of cryptocurrencies, making them a more lucrative target for attackers. Researchers note that attackers are shifting their focus from exploiting technical vulnerabilities to targeting individuals, using social media activity, public appearances, and leaked datasets to build profiles and identify weaknesses.
The problem is further complicated when government officials are involved, either directly or indirectly, in providing sensitive information to attackers. The pool of potential victims has expanded, with mid-level holders and even families being targeted. Experts point to the need for increased security measures, such as multi-signature setups and withdrawal delays, to reduce the risk of wrench attacks.
As the adoption of cryptocurrencies continues to grow, the threat of these attacks is becoming a broader security concern.