Rising crypto wealth is increasing the stakes of physical coercion. “Wrench attacks” show how digital assets can become real-world targets.
In January 2025, French authorities freed Ledger co-founder David Balland after kidnappers demanded a large ransom in cryptocurrency. The case illustrated what crypto crime can look like when it leaves the screen and becomes a physical hostage situation.
In fact, crypto-related disputes and theft are increasingly linked to real-world violence, including abduction attempts and ransom schemes designed to force victims to hand over access.
That is the logic of a wrench attack. Instead of hacking a wallet, criminals use threats or force to make the holder unlock it or send the funds themselves.
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