Crypto Executive: At Least One Bitcoin User Is Kidnapped Every Week, with Attack Frequency Rising During Bull Markets

According to ChainCatcher, as reported by Cointelegraph, SatoshiLabs founder Alena Vranova has warned that wrench attacks, physical assaults, and kidnappings targeting Bitcoin and cryptocurrency holders are on the rise. "Every week, at least one Bitcoin holder somewhere in the world is kidnapped, tortured, extorted, and sometimes even faces more severe consequences."

Alena Vranova stated that even small-scale cryptocurrency investors can become targets for violent criminals. "It may seem like a problem that only affects Bitcoin OG investors, but that's not the case. We've seen people kidnapped for as little as $6,000 worth of cryptocurrency, and others murdered for $50,000 worth. Currently, the personal information of over 80 million Bitcoin holders and cryptocurrency users has been leaked online, including 2.2 million records containing home addresses." She added that these attacks are linked to Bitcoin's price and that the frequency of attacks increases during bull markets.