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The Rise of Wrench Attacks in Crypto: The Disturbing Shift From Online Hacks to Physical Violence

  • There has been a rise in wrench attacks targeting crypto holders, involving physical violence to extract wallet details.
  • Hackers are shifting from online breaches to real-life violence, threatening and assaulting victims for their crypto assets.
  • A wrench attack entails using violence to coerce victims into providing access to their crypto wallets or accounts.
  • Recent incidents include a man in New York being kidnapped and tortured for his Bitcoin password, highlighting the concerning trend of physical attacks in the crypto space.

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