Forget a simple mugging - report claims physical attacks on major crypto holders is on the rise as 'Whales'…

• The same public ledger that enables transparency in crypto often acts as a double-edged sword for some of its whales, who are identified and targeted by hackers, con artists, and other criminal elements
• Bloomberg is reporting a 75% increase in recorded physical attacks (also known as crypto wrench attacks) against cryptocurrency holders year-on-year in 2025
• Whales, crypto-related firms, and exchanges have responded by upping the ante on security protocols, increasing bodyguards, and even employing pre-emptive measures

Cryptocurrency executives and whales alike are increasingly being targeted by a mix of criminal elements worldwide, even as security continues to be beefed up to protect the not-so-anonymous owners of cryptocurrency.

The transparency introduced to the crypto world is putting some coin-collectors at risk of physical harm, and even kidnapping.

But many are also being outed by their lavish lifestyles, presence at crypto conferences, or, in some cases, leaked exchange data.

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