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France Tackles Crypto Wrench Attacks | Bitcoin and Crypto News

France Tackles Crypto Wrench Attacks | Bitcoin and Crypto News

Published 1 week, 4 days ago
Description

France is cracking down hard on crypto-related “wrench attacks” — kidnappings and extortions for digital assets — with a 77-case surge in just six months, up from 45 last year. Interior Minister Laurent Nuñez unveiled a bold three-pronged strategy: tighter cross-border intelligence, stronger ties with the crypto industry, and streamlined security cooperation. Globally, these attacks have spiked 41% this year, with Europe as a hotspot — France dubbed the “epicenter” due to its crypto boom, social media wealth flaunting, and past data breaches. Authorities’ new alert system has already led to 200 arrests, including one nabbed in just eight hours — proof that swift action and public cooperation can make a difference. France’s escalating response signals it’s no longer playing nice with crypto crime.

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