French police reported the arrest of seven people allegedly involved in the kidnapping of a Swiss citizen, in what is suspected to be a new case of 'wrench attack', a criminal modality targeting cryptocurrency holders.
The term 'wrench attack' refers to physical attacks or direct extortion, where criminals seek to gain access to their victims' digital wallets through intimidation or violence, rather than resorting to sophisticated cyberattacks.
This case reflects the growing concern about the physical security of investors and cryptocurrency holders, especially in Europe, where security agencies are intensifying surveillance against financial crimes linked to the digital ecosystem.
🔎 Keys to the news:
Seven suspects arrested in France.
The victim: a Swiss citizen holding cryptocurrencies.
A wrench attack is suspected.
This incident underscores the importance of adopting not only cybersecurity measures but also personal security protocols, in a landscape where organized crime is diversifying its methods to appropriate digital assets.
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