Prominent cryptocurrency executives are intensifying their security measures as incidents of kidnapping and ransom, known as "$5 wrench attacks," increase. At the Paris Blockchain Week, French policymakers announced a new prevention platform to address these threats. Insurance companies are also offering tailored coverage, including awareness and prevention training, to protect crypto leaders. The rise in attacks is attributed to the rapid wealth accumulation in the crypto sector, often without adequate risk management infrastructure. In 2025, 79 ransom attacks were recorded, with 27 already reported in 2026. High-profile cases, such as the kidnapping of Ledger wallet co-founder David Balland, highlight the vulnerability of crypto executives, particularly in regions like Paris. In response, spending on personal security has surged. For instance, Coinbase allocated $6.2 million for CEO Brian Armstrong's protection in 2024. Additionally, insurance firms like Relm Insurance have introduced kidnap and ransom policies due to growing demand, emphasizing the importance of preventive measures and client education.