Violence Rises: Crypto Holders Face 170% Surge In Physical Attacks

According to a Forbes report , physical attacks tied to cryptocurrency holdings rose by almost 170% over a six months ￰0￱ figure comes alongside a broader tally of 48 violent incidents recorded globally, a level that exceeds last year’s ￰1￱ 35 of those incidents were reported since late February, signaling a rapid uptick in a short ￰2￱ spike has left law enforcement and the crypto community watching ￰3￱ Spike In Six Months Investigators and security analysts say the rise is linked to more people holding larger sums of crypto and the growing visibility of holders’ ￰4￱ alone reported 14 incidents this year, making it one of the harder-hit ￰5￱ of the episodes involved coercion: victims were forced to move funds or surrender access to ￰6￱ some cases, attackers used threats or physical violence to get what they ￰7￱ incident, while different, points to a common pattern — criminals targeting self-custody holders because they can be forced to transfer funds on the ￰8￱ Types Of Violence Were Seen?

The range of attacks is ￰9￱ attempts and robberies have been ￰10￱ are also so-called “wrench attacks,” where someone is hurt or threatened until they reveal a password or sign a ￰11￱ victims were pushed to make immediate transactions under duress while others lost access after being forced to disclose private ￰12￱ on reports, forced transfers make up a large share of the newer ￰13￱ kind of crime sidesteps many of the digital protections that wallets ￰14￱ The Community Is Responding Security firms and advocacy groups are urging better personal safety ￰15￱ being circulated includes reducing public displays of wealth, using multisig setups that require multiple people to sign transactions, and keeping cold storage physically ￰16￱ experts say privacy measures should be strengthened so that ownership and balances are harder to ￰17￱ have suggested that law enforcement capacity varies by country, leaving some victims with fewer options for quick ￰18￱ Security Experts Recommend Law enforcement officials have been asked to coordinate more closely with crypto firms and security ￰19￱ jurisdictions are starting to track these crimes more carefully and to issue alerts.

Still, experts warn that storing large sums in single, easily accessible places raises ￰20￱ are being told to plan for worst-case scenarios and to treat physical safety as part of their crypto risk ￰21￱ image from Pexels, chart from TradingView