Crypto wrench attacks surge, targeting families

Crypto security firm CertiK reports a significant rise in 'wrench attacks,' with 34 verified incidents globally in the first four months of 2026, a 41% increase from the previous year. These attacks, which involve physical assaults and extortion, have led to an estimated $101 million in losses so far this year. Attackers are increasingly employing a data-driven approach, gathering information on victims before striking. The trend also indicates heightened risks for 'proxies,' such as family members, who are being targeted to exert leverage over the primary victim. This marks a concerning evolution in crypto-related security threats.