Bitcoin.com News Interviews podcast

Inside the Rise of Crypto Wrench Attacks

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Crypto security isn’t just about protecting wallets from hackers. Increasingly, the person holding the crypto can become the target.

In this episode, David Sencil sits down with Dr. Marilyne Ordekian Panossian, incoming Assistant Professor at Durham University Law School and researcher in cryptocurrency cybercrime and regulation, to examine the growing threat of “wrench attacks” — physical attacks used to force crypto holders to surrender funds, private keys, passwords, or other credentials.

Drawing from research into real-world cases, Marilyne explains how attackers identify potential victims, why peer-to-peer transactions can introduce additional risks, and how leaked KYC or personal data may expose crypto users to physical threats.

The conversation also explores how organized crime networks are becoming involved, why technical knowledge alone may not keep users safe, and why holding large amounts of crypto on mobile wallets can create additional risk.

Topics include:

  • What defines a crypto wrench attack
  • How attackers identify crypto holders
  • KYC leaks and personal data exposure
  • Why some regions are seeing more attacks
  • The rise of organized crime networks
  • Why many wrench attacks go unreported
  • Why digital security alone isn’t enough
  • How exchanges and service providers can reduce risk
  • Practical safety precautions for crypto users
  • The risks of publicly displaying crypto wealth
  • Exchange responsibility following data breaches

Marilyne also shares practical ways crypto holders can reduce their exposure, including limiting public information, spreading funds across different wallet types, strengthening personal data security, and avoiding keeping large amounts readily accessible.

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