France Sees Surge in Over 40 Crypto Kidnappings, Wrench Attacks

France has experienced a sharp increase in crypto-related kidnappings, with over 40 incidents reported. This rise in violent crime highlights the growing risks for cryptocurrency holders and the need for enhanced security measures.

What Happened

Between July 2023 and December 2025, France saw more than 40 organized kidnappings linked to cryptocurrency. These incidents, often referred to as “wrench attacks,” involve using physical force, threats, or abductions to compel victims to surrender their digital assets. A confidential report from France’s Judicial Police Organised Crime section revealed that more than half of these cases targeted individuals involved in the cryptocurrency industry.

Why It Matters

The surge in crypto-related kidnappings underscores the physical security risks associated with digital asset ownership. As cryptocurrencies gain mainstream acceptance, they attract not only investors but also criminals seeking to exploit vulnerabilities. This trend highlights the importance of robust security protocols for both individual investors and companies operating in the crypto space.

Reactions and Comparisons

The rise in wrench attacks is not limited to France. Globally, blockchain security firm CertiK documented a 75% increase in ransomware attacks in 2025, with kidnappings and physical assaults also on the rise. France, however, leads Europe in such incidents, with 19 cases reported, surpassing the United States.

High-profile cases, such as the kidnapping of Ledger co-founder David Balland, have drawn attention to the severity of the issue. These incidents often involve international criminal networks hiring local youths to execute the attacks, complicating law enforcement efforts.

Investor Takeaway

What’s Next?

The trend of crypto kidnappings is expected to continue as long as the rewards outweigh the risks for criminals. Authorities must enhance cross-border cooperation and improve conviction rates to deter these crimes. Meanwhile, the crypto community should focus on education and awareness to protect themselves from such threats.

As the crypto market evolves, stakeholders must remain vigilant and proactive in addressing both digital and physical security challenges.