Particle.news
Download on the App Store

Violent Crypto ‘Wrench Attacks’ Hit Record in 2025 as Criminals Target Wallet Holders

Experts link the shift to tougher exchange defenses plus easy crypto transfers.

Overview

  • Public trackers logged roughly 60–65 physical coercion cases in 2025, with analysts warning the true figure is higher due to underreporting and misclassification.
  • Recent cases include an $11 million home invasion in San Francisco and federal charges over an alleged $8 million kidnapping targeting a Minnesota family.
  • High-profile incidents featured extreme violence, from the kidnapping of Ledger co‑founder David Balland in France to a Vienna murder tied to withdrawals from the victim’s wallets.
  • Risk analysts say hardened exchange security, rising asset values, and the liquidity of digital assets are pushing criminals to focus on individuals and physical crypto touchpoints such as ATMs.
  • Law enforcement is mounting cross‑border responses, with arrests in France and suspects detained in Ukraine, while security firms forecast further growth and increased use of local proxy gangs.