UK crypto trader says almost $800,000 lost in knife attack as wrench attacks proliferate
Source: CoinDesk ·
From the source
A crypto trader in the U.K. claimed masked intruders stole nearly $800,000 in cryptocurrency at knifepoint, furthering concerns of "wrench attacks" spreading in the country. A cryptocurrency trader in the U.K. claimed to have had almost $800,000 of crypto stolen after armed intruders broke into his home and forced him to transfer digital assets to a specific wallet, highlighting a threat to investors that neither self-custody nor encryption can prevent. The unidentified trader, pseudonymously “realist” on X, said attackers held him at knifepoint, destroyed his phone and forced transfers of approximately $40,000 from a hot wallet and $720,000 from his Ledger wallet. The trader shared a Solana wallet address on blockchain explorer Solscan to substantiate his account, though there has yet been no corresponding confirmation from the police or other authorities regarding the incident. “If you live in the U.K. and do crypto get the f**k out,” he posted. The incident follows recent reports…