Wrench Attacks Against Crypto Investors Could Break 2021 Record

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Bitcoin “wrench attacks” — a violent form of cryptocurrency theft — could see its worst year in 2025, with criminals spurred on by Bitcoin’s soaring market value, according to Chainalysis.

“Wrench attacks” refer to a situation where physical force or intimidation is used to force a victim to give up their crypto holdings, and Chainalysis said that with 35 attacks already recorded as of July, the numbers are on track to “have potentially twice as many physical attacks as the next highest year on record.” 

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Wrench Attacks Against Crypto Investors Could Break 2021 Record


Bitcoin “wrench attacks” — a violent form of cryptocurrency theft — could see its worst year in 2025, with criminals spurred on by Bitcoin’s soaring market value, according to Chainalysis.

“Wrench attacks” refer to a situation where physical force or intimidation is used to force a victim to give up their crypto holdings, and Chainalysis said that with 35 attacks already recorded as of July, the numbers are on track to “have potentially twice as many physical attacks as the next highest year on record.” 

The last bull market peak in…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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