Physical attacks targeting cryptocurrency holders are increasing both in number and severity, according to “wrench attack” data analysis conducted by Haseeb Qureshi based on statistics from Bitcoin security expert Jameson Lopp. The data shows a steady rise in reported incidents over time, with an increasing average severity, ranging from minor assaults to fatalities.
Geographically, Western Europe and the Asia-Pacific region have experienced the most significant increases, while North America remains relatively safer but is also not immune to the trend. The main reason is attributed to the rising value of cryptocurrencies: approximately 45% of the fluctuation in attack frequency can be explained by market capitalization.
However, when considering the number of users, the current risk is lower than during 2015–2018. Qureshi emphasizes that this is a serious threat, and high-risk users should invest more in personal security.
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