⚠️ “5 Dollar Wrench Attack”: Violent cases targeting cryptocurrency holders surged by 75%
While we are busy setting up 2FA and buying hardware wallets, criminals are returning to the "primitive". Blockchain security audit firm CertiK has warned that in the past year, the number of physical violent cases aimed at forcing holders to transfer funds has skyrocketed by 75%.
📈 Key data:
Global cases: CertiK recorded 72 cases (the actual number may be higher due to underreporting). Europe has become a hard-hit area: about 40% of the attacks occurred in Europe, with France leading at 19 cases. Financial losses: Known losses are as high as $40.9 million, not including the psychological trauma suffered by the victims.
😱 Typical cases:
From Ledger co-founder David Balland being kidnapped for ransom to Italian investors being tortured in New York. Criminals are no longer hacking your password but are directly “hacking” you.
🛡 How to save yourself?
CertiK recommends developing “Emergency Wallets” (Panic Wallets). These wallets can:
Send alarm signals. Display false balances (inducing amounts). Wipe balances or lock assets when threatened.
💡 Expert advice: “Wealth should not be flaunted”. In 2025, maintaining anonymity and low profile is no longer an option but a survival skill. Reducing wealth flaunting on social media is the first step to protect assets.
Protect your mnemonic phrase, but more importantly, protect yourself!🧩
