
Physical attacks on crypto holders stole over $30M in H1 2026; Chainalysis logged 46 wrench attacks, most in France, and 2026 is on pace to top 2025's $58M record.
Criminals stole more than $30 million from crypto holders through physical attacks in the first half of 2026, putting the year on pace to surpass the record $58 million taken in 2025, according to a Chainalysis report released Thursday.
The blockchain analytics firm logged 46 violent incidents globally through late June, up from 40 in the same period a year earlier. The cases include kidnappings and home-invasion robberies, collectively known as wrench attacks for the physical coercion used to force victims to transfer crypto.
Only 12 of the 46 attempts ended in payment, a 26% success rate down from 49% in 2025. The successful attempts averaged more than $2.5 million each. Chainalysis said the documented cases probably understate the scale of the problem, since many attacks go unreported.
France accounted for 30 of the 46 publicly known incidents by midyear, compared with 19 during all of 2025. Interior Minister Laurent Nuñez put the first-half count at 77 kidnappings and extortion attempts, up from 45 in all of last year. The government has introduced a rapid-alert and protection system and promised closer intelligence-sharing with the crypto industry. French authorities have counted more than 70 incidents in total, the report said.
Chainalysis identified the alleged misuse of French tax records as the likeliest driver of the surge. A French tax official reportedly accessed and sold information about crypto investors to criminals. A separate breach at crypto tax-reporting firm Waltio reportedly exposed data on about 50,000 users.
The report's clearest read-through for the sector comes from that pattern. Any platform that matches a person's name to a crypto balance, tax-reporting services and exchanges included, becomes a source of leads for attackers.
Chainalysis described the tradecraft as "amateur at the point of violence," with professional work at the selection and laundering stages. Victims were often chosen through data leaks and insider information; social media posts served as another common source of leads, the report said. Onchain activity varied in sophistication. Some attackers sent stolen funds to centralized exchanges. Others used bridges or decentralized exchanges, and the most advanced cases showed links to broader criminal networks.
The findings expand the risks crypto holders face beyond custody and asset management, into physical safety and home security, the report said.
Separately, Spanish authorities arrested a suspect in the 2025 kidnapping of a Ledger co-founder.
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