France Emerges as World Leader in Bitcoin Wrench Attacks
Analysis
Price Impact
HighThe increasing prevalence of violent, real-world attacks targeting crypto holders, especially in a prominent country like france and involving high-profile individuals, creates significant security concerns. this erosion of physical trust could deter new investors and cause existing holders to re-evaluate their positions.
Trustworthiness
HighThe article cites a reputable security expert (jameson lopp), provides specific dates, locations, and details of multiple incidents, including outcomes like arrests and rescues, lending high credibility to the reported events.
Price Direction
BearishNews of violent physical attacks against crypto holders, bypassing digital security, fosters fear, uncertainty, and doubt (fud). this type of news can negatively impact overall market sentiment, leading to potential sell-offs or a slowdown in new capital inflow as investors perceive increased physical risk associated with holding significant crypto assets.
Time Effect
LongWhile immediate price reactions might be limited, a persistent pattern of physical attacks could have a long-term chilling effect on mainstream adoption and institutional interest. it adds a new layer of risk (beyond just digital hacks) that needs to be considered, potentially slowing down crypto's growth trajectory over an extended period.
Original Article:
Article Content:
Cover image via www.flickr.com Read U.TODAY on Google News Jameson Lopp, chief security officer at Casa, has estimated that France accounts for roughly 25% of all wrench attacks around the globe. Advertisement The term refers to violent, real-world attacks on crypto holders that involve abduction, torture, and coercion. Victims are forced to hand over private keys, hardware wallets, or transfer crypto. Attackers bypass the high level of digital security offered by blockchain by using physical violence. Blood-curling attacks One of the most notorious incidents occurred in January, when David Balland, co-founder of Ledger, and his wife were kidnapped at gunpoint near Vierzon. The attackers demanded a ransom reportedly around €10 million. French authorities intervened after nearly sixty hours of captivity and managed to successfully rescue the couple while arresting five suspects. HOT Stories Crypto Market Prediction: Can Bitcoin Break $90,000 on Recovery March? Shiba Inu (SHIB) Fresh Rally Starts, Is XRP Building Bullish Momentum? Coinbase's Armstrong Angers Bitcoin Maximalists by Praising Ethereum's Buterin Shiba Inu (SHIB) Price to Remove Zero, XRP on Edge of 30% Breakout, Bitcoin (BTC) Prints Insane 36,380% Liquidation Imbalance – Crypto News Digest Morning Crypto Report: Is It Too Late to Buy Shiba Inu (SHIB)? Elon Musk's SpaceX Resumes Strange Bitcoin Activity, $1,000,000,000 Ripple Stablecoin Gains Traction in UAE A few months later, in May, another high-profile case involved the father of an unnamed crypto entrepreneur. He was kidnapped and subjected to torture, including electrocution. His captors demanded a ransom of several million euros. The French authorities rescued him and apprehended the perpetrators. Advertisement You Might Also Like Fri, 08/29/2025 - 07:48 Coinbase Exec: Crime Cash Is King By Alex Dovbnya Also in May, a brazen daylight attempt targeted the daughter and toddler of a Paymium crypto exchange CEO in Paris. Masked attackers posing as delivery personnel tried to abduct them in the city’s eleventh arrondissement, but intervention by the father and nearby neighbors prevented the kidnapping. This incident shocked the community due to its sheer audacity. In June, a 23-year-old private crypto investor in a Paris suburb was kidnapped while running errands. The assailants forced him to call his partner to hand over a bag containing his hardware wallet and cash. Last week, six men, including two minors, were arrested in France for planning to kidnap a man and rob him of cryptocurrency. #Bitcoin News #Cryptocurrency Crime #France