PANews reported on January 2nd that, according to The Block, Ari Redbord, Global Head of Policy and Government Affairs at crypto analytics firm TRM Labs, statedPANews reported on January 2nd that, according to The Block, Ari Redbord, Global Head of Policy and Government Affairs at crypto analytics firm TRM Labs, stated
More than 60 wrench attacks targeting cryptocurrency holders are expected in 2025.
PANews reported on January 2nd that, according to The Block, Ari Redbord, Global Head of Policy and Government Affairs at crypto analytics firm TRM Labs, stated that 2025 was a record year for "wrench" attacks, with approximately 60 physical attacks targeting cryptocurrency holders. Redbord added, "The actual number is likely much higher. Many cases are simply recorded as robbery or burglary, ignoring the cryptocurrency factor; others go unreported due to victims' hesitation or uncertainty about how law enforcement will handle cryptocurrency-related crimes. In comparison, approximately 41 wrench attacks were recorded in 2024, and approximately 36 in 2021."
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