CertiK Says Physical Attacks on Crypto Holders Rose 41% This Year, Losses May Reach Hundreds of Millions
Summary
- Web3 security firm CertiK said there have been 34 wrench attacks worldwide this year, up about 41%% from a year earlier.
- Confirmed losses so far total about $101 million, and the firm said full-year damage could reach several hundred million dollars if the current trend continues.
- The market says the rise in crimes targeting crypto holders is affecting investor security awareness and asset management practices, while increasing the focus on stronger security and personal data protection.
Forecast Trend Report by Period
Physical crimes targeting cryptocurrency holders are increasing, fueling concern over the spread of so-called wrench attacks.
The Block reported on May 8 that Web3 security firm CertiK had identified 34 wrench attacks worldwide so far this year.
That is about 41% more than in the same period last year.
Losses confirmed to date total about $101 million.
If the current pace continues, total losses this year could reach several hundred million dollars, CertiK said.
Of the reported attacks, 28, or about 82%, occurred in Europe.
CertiK said France has seen a particularly high number of cases, citing a culture of conspicuous display and voluntary disclosure of personal information as contributing factors.
The firm also said attacks are increasingly targeting family members, including spouses, children and parents, or using them as leverage.
The market is watching how the increase in crimes against crypto holders may affect investor security awareness and asset management practices. Stronger security measures and personal data protection are likely to draw greater attention.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
