Wrench attacks caused $40.9 million in losses to cryptocurrency holders in 2025, with the number of incidents increasing by 75% year-on-year.
According to Odaily, CertiK data shows that in 2025, there were a total of 72 violent attacks targeting cryptocurrency holders worldwide, a year-on-year increase of 75%. Confirmed financial losses exceeded $40.9 million, up 44% from the previous year. Europe has become a high-incidence area for such crimes, accounting for 40% of global incidents, with France ranking first with 19 attacks. The report points out that kidnapping is the most common attack method, and incidents involving physical assault have increased by 250%. Major incidents last year included Ledger co-founder David Balland being kidnapped in France and extorted for €10 million in cryptocurrency. CertiK recommends that users reduce risk by maintaining decoy wallets, geographically isolating mnemonic phrases from hardware wallets, and using multi-signature architectures.
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