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    3. Surge in 'Wrench Attacks' Targeting Cryptocurrency, Over $30 Million in Damages in First Half of 2026

    Surge in 'Wrench Attacks' Targeting Cryptocurrency, Over $30 Million in Damages in First Half of 2026

    By: rootdata|2026/08/10 06:00:58
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    Physical violence targeting cryptocurrency holders is at an all-time high

    Blockchain analysis firm Chainalysis reported that by late June 2026, 46 violent incidents targeting cryptocurrency holders had been confirmed, resulting in damages exceeding $30 million (approximately 4.75 billion yen).

    The rise of "wrench attacks," where kidnappings, home invasions, and hostage situations are used to coerce cryptocurrency transfers, is alarming. If the current pace continues, it is possible that the annual damage recorded in 2025, which was $58 million (approximately 9.18 billion yen), will be surpassed.

    30 Incidents in France, Tax Data Leaks Contributing to Increase

    According to Chainalysis, of the 46 incidents confirmed in the first half of 2026, only 12 resulted in actual monetary payments, yielding a success rate of 26%. This is a decline from 49% in 2025 and 67% in 2024, although many incidents remain unreported, suggesting that the actual scale of damages could be larger.

    Notably, France has seen a significant increase, with 30 reported incidents by mid-2026, making it the highest in Chainalysis's dataset. This is a sharp rise from 19 incidents throughout 2025, and authorities in France are aware of over 70 cryptocurrency-related violent incidents.

    Chainalysis points out that the surge in France may be partly due to leaks of tax data concerning high-value cryptocurrency holders. There are suspicions that French tax officials illegally obtained and sold investors' names, addresses, phone numbers, and holding data to criminals. Additionally, a data leak affecting around 50,000 users occurred at the cryptocurrency tax reporting company Waltio.

    Attackers are believed to be selecting targets through these data leaks, as well as social media and insider information.

    Increase in Home Invasions and Attacks on Families, Money Laundering Methods Diversifying

    There are changes in the forms of attacks. While kidnappings remain the most common, the proportion of home invasions rose to 37% in 2026. Moreover, incidents where attackers pressure not the main cryptocurrency holders but their family members or close acquaintances for transfers are increasing.

    Chainalysis's research indicates that by early 2026, cases targeting family or acquaintances accounted for 25-30% of the total, reaching over 40% in France. Once cryptocurrency is transferred, it moves instantly and is difficult to reverse, making high-value holders attractive targets for criminals.

    The methods of moving stolen funds vary among attackers. Some send the stolen cryptocurrency directly to centralized exchanges (CEX), while more sophisticated cases utilize decentralized exchanges (DEX), bridges, and cross-chain tools to obscure the flow of funds.

    The report highlights that the risks of wrench attacks extend beyond asset storage and wallet management to the physical safety of holders, their homes, and families. In response to this situation, the French government plans to implement a rapid alert and protection system and strengthen information sharing and collaboration with the cryptocurrency industry.

    This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.

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    Contents

    Physical violence targeting cryptocurrency holders is at an all-time high

    Latest articles

    2026/08/10

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