Five people in the UK were sentenced for "wrench attack" cryptocurrency holdings, with the maximum sentence of six and a half years.

This case occurred in July 2025, when the victim was targeted in a bar, then forcibly taken home, where facial recognition was used to unlock the account, stealing over 10k pounds and cryptocurrencies.
Coinbase reported suspicious transactions, which led to the case being solved.
Such cases are not isolated. By 2025, 72 crypto-related entity coercion incidents have been confirmed worldwide, a 75% increase, with France leading at 19 cases.
MARA disclosed in its financial report that the CEO's personal security expenses reached $4.3 million, including armored vehicle modifications; the CFO's security expenses were $3.9 million.
The security budget for crypto companies is shifting from firewalls to bulletproof vehicles.
The traceability of on-chain assets makes it increasingly difficult for hackers to escape completely, but physical violence in the real world is hard to defend with code.
When your private key is unlocked with a gun pointed at you, even the strongest smart contract is powerless.
In this cycle, institutional funds have brought liquidity but also created new attack surfaces—those holding large amounts of crypto assets are becoming targets in the real world.
For traders, this means two things: first, security assessments of exchanges and custodians need to include physical protection; second, publicly sharing holdings is itself a risk exposure.
On-chain transparency is a double-edged sword; it protects the network but may expose your own vulnerabilities.
#defi # On-chain data #区块链 # Crypto market #CryptoCircle