PANews reported on May 9th that, according to The Block, a report released by CertiK shows that 34 cryptocurrency "wrench attacks" occurred globally in the first four months of 2026, a 41% increase year-on-year, with victims losing approximately $101 million. Wrench attacks, which involve physical attacks that breach software security systems through physical force or extortion, have become a prevalent threat to cryptocurrency holders. The report predicts that if current trends continue, approximately 130 attacks could occur throughout the year, resulting in hundreds of millions of dollars in losses.

Notably, 82% of the attacks occurred in Europe, with France leading the way with 24 incidents, continuing last year's high incidence. The attack methods have shifted towards "data-driven targeting," with attackers purchasing victims' names, addresses, and financial information through online brokers to reduce the need for physical surveillance. More than half of the attacks involved key family members, including spouses, children, or elderly parents, who were used as tools for pressure. Attack teams typically consist of 3 to 5 young people recruited through Telegram or Snapchat, with the leaders often located in Morocco, Dubai, and Eastern Europe.