In 2025, a record number of over 60 physical "wrench" attacks targeted cryptocurrency holders, according to Ari Redbord, Global Head of Policy and Government Affairs at TRM Labs. These attacks involve physical coercion to extract crypto assets from victims. Redbord noted that the actual number of incidents is likely higher, as many are misclassified as general robberies or go unreported due to victims' concerns about law enforcement's handling of crypto-related crimes.
The reported figure marks a significant increase from previous years, with approximately 41 wrench attacks recorded in 2024 and 36 in 2021. The rise in such attacks highlights the growing need for awareness and improved security measures among cryptocurrency holders.
Record 60 Wrench Attacks on Crypto Holders in 2025
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