Rise in 'Wrench Attacks' Targeting Wealthy Crypto Holders
Wrench attacks on wealthy crypto holders are increasing, involving violence to force access to digital assets, as criminals target the high-value, easily transferable nature of cryptocurrencies. These attacks are fueled by the move of crypto into mainstream finance and the unique security challenges of controlling private keys, with victims often forced to surrender passwords through violence. Experts recommend measures like multi-approval wallets and maintaining anonymity to mitigate risks.