Sun Mar 02 16:40:00 UTC 2025: ## Crypto Crime Wave: Rise in Violent Attacks Targets Bitcoin Holders
**London, UK –** A surge in violent crimes targeting cryptocurrency holders is raising serious concerns. Security expert Jameson Lopp, co-founder and CSO of CASA, reports a significant increase in physical attacks since 2014, with over 200 documented incidents. The number of attacks is showing a troubling correlation with Bitcoin’s price, spiking when the cryptocurrency gains mainstream attention and surpasses key price milestones, such as the recent $100,000 mark.
2025 alone witnessed at least 11 such incidents, including an attack on Ledger’s CEO. Asia and Europe have been particularly hard hit, with Thailand, Korea, and France reporting the most cases. The most recent attack involved the murder of a Chinese man in Korea during a virtual currency transaction. Four suspects were arrested in connection with the crime.
While over 20 incidents have been reported annually since 2021, and the number for 2025 is already exceeding that threshold, Lopp emphasizes that the actual number is likely far higher due to underreporting. The anonymity afforded by cryptocurrencies may deter victims from coming forward.
Lopp highlights the crucial role of proactive security measures, emphasizing that law enforcement typically reacts after an attack, not before. He advises against becoming a “single point of failure” where large sums can be easily accessed, recommending practices such as multi-signature wallets and avoiding face-to-face high-value trades. He stresses the importance of online anonymity, discretion regarding crypto holdings, and avoiding ostentatious displays of wealth. The speed and efficiency of these “wrench attacks” – get-in, get-out robberies – further underlines the need for robust personal security measures. The advice to maintain privacy in both the online and physical world is paramount in avoiding becoming a victim.
First Piper 