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The Independent UK
The Independent UK
National
Alan Suderman

Warning over rise of violent ‘wrench attacks’ on wealthy crypto holders

New York police officers arrest John Woeltz - (ASSOCIATED PRESS)

The alleged kidnapping and torture of an Italian man in Manhattan, purportedly over access to his Bitcoin, has spotlighted a concerning aspect of the cryptocurrency landscape: the risk of violent theft targeting digital assets.

This type of attempted robbery is often referred to as a "wrench attack," a term that gained traction from an online comic. The comic humorously depicted how physical coercion can bypass sophisticated security measures, with attackers resorting to violence to obtain crucial passwords.

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