UK crypto trader says almost $800,000 lost in knife attack as wrench attacks proliferate
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.
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Summary
- A cryptocurrency trader in the U.K. said armed intruders held him at knifepoint and forced him to transfer about $760,000 in digital assets, though police have not confirmed the account.
- Such robberies, known as “wrench attacks,” use violence or threats to force cryptocurrency holders to surrender their assets, bypassing digital security measures.
- Chainalysis estimated that criminals stole more than $30 million through violent attacks in the first half of 2026, with home invasions accounting for 37% of recorded cases.
AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.
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Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
Why it matters:
Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
