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Reading: CertiK reports $124 million lost in crypto wrench attacks, France hit hardest
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COINTURK NEWS > Cryptocurrency News > CertiK reports $124 million lost in crypto wrench attacks, France hit hardest
Cryptocurrency News

CertiK reports $124 million lost in crypto wrench attacks, France hit hardest

In Brief

  • 🛡️ $124 million was lost in wrench attacks on crypto holders in the first half of 2026.

  • 🔎 Most attacks occurred in Europe, with France hit by 33 verified incidents.

  • 🚨 Wrench attacks involve violent threats to forcibly take crypto assets from holders.

  • 📈 Publicly known attacks against $BTC and other assets are likely underreported worldwide.
Onur Atam
Onur Atam 2 hours ago
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Crypto wrench attacks emerged as a growing security concern for the digital asset industry in the first half of 2026, according to CertiK’s H1 2026 Wrench Attacks Report. These incidents, which involve physical threats or violence to force individuals to surrender their crypto holdings, increased sharply during the period.

Contents
Incidents and Financial Impact Rise SharplyEurope and France See Highest ConcentrationAdvancing Security Measures Beyond Wallet Protection

Incidents and Financial Impact Rise Sharply

CertiK recorded 52 verified wrench attacks worldwide in the first six months of 2026, a notable rise from 39 cases during the same period in 2025. The associated financial exposure escalated from approximately $10.5 million last year to $124.1 million this year. Notably, the number of home invasions jumped from one reported case in the first half of 2025 to 20 in the same period of 2026.

These numbers reflect only publicly verified incidents and known losses, which include reported ransom demands and missing funds, rather than confirmed criminal proceeds. CertiK emphasized that underreporting continues to affect these statistics, potentially leaving the actual extent of such attacks unclear.

CertiK stated that public incident figures likely underestimate the real scale of wrench attacks globally, due to underreporting and incomplete data on actual losses.

Europe and France See Highest Concentration

Geographically, Europe has seen a clear rise in targeted incidents. Of the 52 cases reported globally, 39 occurred in Europe, with France alone accounting for 33 attacks. This made France the country with the highest number of confirmed wrench attacks in CertiK’s most recent dataset.

The report linked this trend to a combination of factors, including the large crypto community in Western Europe, widespread availability of information that may help perpetrators identify targets, and a higher degree of transparency in reporting such incidents.

Instead of attributing the rise to a single driving factor, CertiK pointed out the growing concentration of physical risks for crypto holders in Western Europe.

Advancing Security Measures Beyond Wallet Protection

While software-based wallet security remains essential, CertiK underlined that technical solutions alone may not be sufficient to stop attacks involving physical coercion. The firm recommended implementing custody measures designed to limit the power of a single person to transfer large sums under duress. These methods include multi-party transaction approvals, withdrawal delays, transaction amount limits, and staged custody controls, all of which can slow down unauthorized outflows and offer a window for incident response.

This shift in threat landscape has broadened the conversation around digital asset protection, now encompassing not just the safeguarding of crypto wallets but also the physical safety of individuals who manage and control these holdings.

CertiK’s findings indicated that as coercion-based attacks rise, industry focus will increasingly turn to protecting both digital assets and the people behind them, urging stakeholders to reassess personal security and operational procedures.

To help users adapt to this evolving landscape, integrating technical portfolio solutions and market monitoring tools has gained attention. CryptoAppsy, which requires no account creation hassle, combines your crypto investments with real-time prices, detailed charts, and multi-currency portfolio management on a single screen. With this all-in-one financial assistant, you can instantly seize opportunities by setting up smart price alerts, filter news specific to your coins, discover newly listed altcoins without missing them, and always stay one step ahead of the market with critical macroeconomic data such as Fed interest rates.

CertiK’s report underscored the importance of a multi-layered approach in response to the growing threat of wrench attacks, involving both technological safeguards and increased personal awareness.

You can follow our news on X, Telegram, Facebook & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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Onur Atam 25 July, 2026 - 5:58 am 25 July, 2026 - 5:58 am
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Onur Atam
By Onur Atam
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The author, who is an attorney, specializes primarily in Information Technology Law and Commercial Law. His areas of interest include internet technologies, the cryptocurrency ecosystem, blockchain applications, and next-generation financial technologies.He closely follows developments in digital assets, cryptocurrency regulations, fintech applications, e-commerce, data security, and areas where technology intersects with the law. His goal is to provide a clear and accessible analysis of current developments in the fields of cryptocurrency and financial technologies from a legal perspective.
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