France · CoinDesk
UK crypto trader confirms almost $800,000 dropped in knife assault as wrench attacks proliferate
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A cryptocurrency trader in the U.K. claimed to have had almost $800,000 of crypto stolen after armed intruders broke into his home and forced him to transfer digital assets to a specific wallet, highlighting a threat to investors that neither self-custody nor encryption can prevent.
Key facts
- Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%
- The unidentified trader, pseudonymously “realist” on X, said attackers held him at knifepoint, destroyed his phone and forced transfers of approximately $40,000 from a hot wallet and $720,000
- Blockchain analytics firm Chainalysis estimates criminals stole more than $30 million through violent attacks in the first half of 2026
- Blockchain security firm Certik identified 52 verified attacks globally during that period, of which 33 were in France
Summary
A cryptocurrency trader in the U.K. said armed intruders held him at knifepoint and forced him to transfer about $760,000 in digital assets, though police have not confirmed the account. Such robberies, known as “wrench attacks,” use violence or threats to force cryptocurrency holders to surrender their assets, bypassing digital security measures. Chainalysis estimated that criminals stole more than $30 million through violent attacks in the first half of 2026, with home invasions accounting for 37% of recorded cases. The unidentified trader, pseudonymously “realist” on X, said attackers held him at knifepoint, destroyed his phone and forced transfers of approximately $40,000 from a hot wallet and $720,000 from his Ledger wallet.