As Bitcoin prices increase, so does the criminal interest in profiting from it. Recent years have seen a growing trend of physical attacks on cryptocurrency holders, raising concerns about the safety of investments in digital currencies.
Increase in Physical Attacks on Crypto Investors
There is a noticeable rise in physical attacks on cryptocurrency holders as the popularity of Bitcoin escalates. Binance has already issued a warning about mugging incidents. The soaring prices of digital assets are prompting criminals to devise more sophisticated schemes, including kidnappings for ransom.
Prevalence of Kidnappings for Cryptocurrency
The kidnapping of David Balland, co-founder of Ledger, stands as a significant case in this context. Since 2021, the incidents of attacks on cryptocurrency holders have steadily increased, reaching 15 cases by mid-2025. While ransom situations are not rare, only a small fraction targets crypto investors due to the market’s niche nature.
Strategies for Safeguarding Crypto Assets
Security experts advise cryptocurrency holders to remain discreet about their holdings. To minimize risk, they should avoid sharing personal or financial details online. It’s also vital to use pseudonyms and limit public information. Moreover, offline caution is essential: travel plans and social media activity could inadvertently attract potential thieves.
Given the shift in criminal focus, cryptocurrency holders must enhance their vigilance and implement additional security measures to protect their assets.
