UK: Trader says knife-point robbery cost him nearly $800,000
A crypto trader says masked intruders threatened him with a knife and took nearly $800,000 in cryptocurrency. Several outlets have reported his account posted on X, but authorities have not publicly confirmed the amount or details. This kind of assault, sometimes called a “wrench attack,” uses violence or threats to force someone to transfer cryptocurrency. Chainalysis estimates that successful physical attacks on crypto holders caused more than $30 million in losses worldwide in the first half of 2026.
A crypto trader says masked intruders threatened him with a knife and took nearly $800,000 in cryptocurrency. Several outlets have reported his account posted on X, but authorities have not publicly confirmed the amount or details. This kind of assault, sometimes called a “wrench attack,” uses violence or threats to force someone to transfer cryptocurrency. Chainalysis estimates that successful physical attacks on crypto holders caused more than $30 million in losses worldwide in the first half of 2026.