In 2025, 52 wrench attacks targeting cryptocurrency holders were reported globally, underscoring growing security concerns. A notable incident in Herzliya, Israel, involved a crypto trader who was violently robbed of $547,260 in Bitcoin, $42,248 in USDT, a $50,000 Rolex, and a Trezor hardware wallet. Authorities arrested a suspect on September 10, utilizing recorded calls, voice analysis, and surveillance footage to track the alleged organizer. Security experts attribute the increase in such attacks to the high on-chain values and the traceability of cryptocurrency transfers, which make crypto holders attractive targets for criminals. The incident highlights the need for enhanced security measures for individuals involved in cryptocurrency trading.
52 Wrench Attacks in 2025 Highlight Rising Crypto Theft Concerns
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