Alena Vranova, founder of SatoshiLabs, warned of increasing wrench attacks, physical assaults, and abductions against Bitcoin and crypto holders in an attempt to steal private keys. She highlighted cases of kidnappings for as little as $6,000 worth of crypto and even murders for $50,000 in crypto.

The rise in wrench attacks against crypto holders is on track to double the worst year on record, prompting personal safety countermeasures from investors, developers, and industry executives. Centralized data leaks from exchanges and other providers expose sensitive user information, making crypto holders and their families targets for violent criminals.

In May, Coinbase disclosed a data breach that leaked information of a small subset of customers, including home addresses. A report from Cybernews uncovered databases containing more than 16 billion leaked user login credentials from platforms like Apple, Facebook, and Google. This leak negatively impacts crypto holders, exposing them to increased phishing, hacking, and identity theft.

Read more at Cointelegraph: Crypto Exec Warns About Rising Tide of Wrench Attacks