Marketplace All-in-One Crypto crime gets physical
Jun 16, 2025
Ari Redbord, global head of policy at TRM Labs, dives into the alarming trend of violent 'wrench attacks' targeting high-profile crypto investors. He discusses the dangerous intersection of traditional crime and cybercrime, as perpetrators leverage the lucrative nature of cryptocurrency. The conversation reveals how law enforcement is using advanced tracking technology to combat these crimes and emphasizes the need for stronger security measures for crypto holders. Redbord also highlights the paradox of rapid transactions paired with increased risks, urging listeners to safeguard their assets.
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Crypto Theft Turns Violent
- A man was held captive and tortured in NYC for his Bitcoin passwords.
- Similar violent crypto thefts occurred globally, involving kidnappings and home invasions.
Physical Crime Meets Cyber Theft
- Wrench attacks combine speed of cybercrime with brutal physical violence.
- This fusion makes cryptocurrency thefts frightening and unprecedented.
Why Crypto Holders Are Targets
- Criminals pursue cryptocurrency because it represents significant and fast wealth.
- Crypto holders are often public figures, making them attractive targets.