A disturbing trend is unfolding in France, where the frequency and brutality of crypto-related kidnappings, known as 'wrench attacks,' are on the rise. The country has become the focal point of this global issue, with at least 41 such incidents reported this year, translating to roughly one every two to three days.
This alarming situation has led government officials to voice their concern and announce plans to implement new measures to tackle the problem. A prevention platform has already been launched, garnering thousands of registrations, but more needs to be done to curb the escalating violence.
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, these attacks are becoming more frequent and violent globally, with 72 verified physical coercion incidents reported in 2025, marking a 75% increase from the previous year.
The trend is attributed to the rising value of crypto assets, making them a more lucrative target, and the shift in attackers' strategies from targeting technical vulnerabilities to identifying and exploiting human weaknesses. Researchers note that attackers now build profiles of potential victims, tracking their social media activity, public appearances, and routines to identify points of weakness.
The problem is further exacerbated when insiders, such as government officials, inadvertently or intentionally aid attackers by leaking sensitive data. The pool of potential victims has expanded, with mid-level crypto holders and even families being targeted.
Cases of prolonged captivity, torture, and severe violence have been reported, highlighting the need for urgent action. Security experts suggest that measures such as multi-signature setups, withdrawal delays, and spending limits can help reduce the risk by limiting access to funds under duress. As crypto adoption continues to grow, it is essential to address the increasing frequency and severity of these attacks, which pose a significant threat to the security of crypto holders worldwide.