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Currently, in different countries of the world, cases of kidnappings and attacks on representatives of businesses related to cryptocurrency have become more frequent. And it is already known that internationally recognized periodicals have conducted research on the growth in the world of a wave of physical attacks on people who own significant amounts of cryptocurrency. Transparent research, according to which a wave of attacks with unimaginable cruelty is growing in the world on people who own cryptocurrency. Usually, relatives of crypto businessmen are kidnapped. They are kidnapped, beaten, mocked, and videos of torture are filmed. And all this for the sake of ransom.
According to prosecutors, kidnappers usually resort to physical and psychological torture to put pressure on the family and demand a ransom in cryptocurrency for their own crypto wallet. This phenomenon already has its own term - “wrench attacks” or “wrench attack”.
The socio-psychological aspect of the “Wrench Attack” phenomenon has not yet been fully studied. But this phenomenon most clearly illustrates how physical brute force can be used to bypass technical security systems. For a rude person to ignore technical advantages or “disadvantages”, in the era of modern digital security tools in the world of cryptocurrencies, is not a problem at all. At the same time, criminals use simple, perverted and painful methods of coercion.
Meanwhile, in France, it seems to be gaining momentum. Another unfortunate situation is the kidnapping of a person close to a crypto businessman. The kidnapping of a relative of an entrepreneur associated with the cryptocurrency business. Unthinkable cruelty: blackmail, torture, psychological pressure, threats to spread torture videos on the Internet. Fortunately, there is already a suspect in this case. Currently, the investigation is finding out whether he acted alone or with someone in collusion. It is possible that the attacker acted with a large group of unidentified individuals.
In total, 18 physical attacks on cryptocurrency owners were recorded in 2023. In 2024, the number of such cases increased further. At the same time, in 2025, only a dozen such incidents were observed in the first half of the year. So, instead of hacker attacks, attackers are increasingly resorting to kidnapping with torture
for further blackmail. Against the background of this unfortunate ugliness in Europe, the cryptocurrency market experienced minor fluctuations. But now, thanks to regulatory factors, namely the bill that is actively advancing in the US Senate, Bitcoin and the crypto market in general are expecting positive dynamics.