Are Wrench attacks the result of adoption?

[Davidvictorson]

Has increased Bitcoin popularity resulted in an increase in Wrench attacks? Does anybody know? If so, are well-known public Bitcoin holders adequately prepared for the Wrench?

 

No. Rather it has resulted more in online scams and hacks. I would say the heat of the wrench attacks were many years ago when bitcoin was still gaining popularity and not many institutions, countries, and people had gotten in.
In my estimation, right now you one is 2x more likely to fall for a bitcoin scam or hack on their account than be a victim of a wrench attack.

[roxane40]

She tweeted months ago on How to sell his Bitcoin and most likely the criminals saw her post and then she became the target. Lucky her, the husband has a gun ready and he shot those criminals. What if those victims didn't have a chance like this?

To be honest, when I saw your comment it made me a bit curious. It felt strange to me that someone who invests in bitcoin would not know about this matter. Normally, people invest in bitcoin with a strong sense of privacy but if we do not properly understand how that privacy works, it can easily lead to problems for us. As an investor, I believe a person should clearly know how bitcoin can be sold and how the process works.

It was a good point that the victim had a gun for self-defense because if they did not have that protection, the situation could have been worse for them. The criminals may not have come only because of the bitcoin issue, there could also be other reasons behind the attack and if it is properly investigated those reasons might come out. In many homes there are valuable things that can be stolen and later sold for money. I believe the house that was attacked may have had some important items, the criminals possibly targeted those valuables. It is important for all of us to protect our privacy and also keep some means of self-defense at home so that we can protect ourselves in difficult situations.

Information is not so widely available. I did find this, "Wrench attack by mistake."
https://www.tf1info.fr/justice-faits-divers/vaires-sur-marne-elle-aurait-ete-prise-pour-cible-par-erreur-une-famille-sequestree-pour-des-cryptomonnaies-bitcoin-en-seine-et-marne-2429354.html

People are wrenching anyone they want like "GIMME THE CRYPTO"

[ZAINmalik75]

Has increased Bitcoin popularity resulted in an increase in Wrench attacks? Does anybody know? If so, are well-known public Bitcoin holders adequately prepared for the Wrench?

 

Obviously the adoption is the reason. But criminals are not going after small amount holders I guess, because so far I have heard a few cases reported in France, but there were many in other countries too. These crimes are increasing with time and the cryptocurrency adoption is the only reason for this, although there are more factors to this, like in the bear market these crimes are less than they are in the bull market.

That means a bullish market is not too safe for those who hold a lot of Bitcoin. Sometimes we think we hold only 0.1 or 0.5 Bitcoin which is nothing, but for those who have nothing they see it as a huge amount. So maybe that's why we should never share with anyone we don't know, maybe they turn out to be criminals in the end.

[Hamza2424]

Yep, that's the main reason bro. People are unboxing everything and posting on social media, they are flexing portfolio screenshots, wearing Bitcoin conference lanyards with their full names on them, and then wondering why they feel unsafe haha. Silly fellows, but most of them are doing it because that's their profession. Mostly, they are being wrench attacked because they are either CEOs of a project or influencers who have shown their followers how much they made in the bull market.

If we are in crypto and we are neither influencers nor CEOs of any project, we don't have to tell anyone how much we hold. We should avoid sharing it on this forum, too. We should avoid sharing it anywhere. People sometimes open up on Reddit too, by thinking they are safe.

[Patikno]

Has increased Bitcoin popularity resulted in an increase in Wrench attacks? Does anybody know? If so, are well-known public Bitcoin holders adequately prepared for the Wrench?

 

Wrench attacks only happen to careless individuals, who don't realize how important it is to keep their Bitcoin holdings secret. All wrench attacks occur, because the perpetrators already know their potential victims own Bitcoin, so they easily carry out their actions by observing their potential victims. If you look for similar cases, they are sure to be premeditated or planned, and some of these cases have been discussed in this forum.

Therefore, I advise anyone not to easily share their Bitcoin holdings with anyone, even friends, let alone make it public. It is very dangerous; you will be monitored. I don't mean to scare you, and I don't wish it happen to anyone, but you should definitely keep your Bitcoin holdings a secret. There is no point in telling anyone about it; it will only make you vulnerable.

Regarding the OP question, I answer: The law of cause and effect clearly applies to the rise in Bitcoin popularity, but you must remember that this is due to individual negligence or error, not Bitcoin fault, or its popularity. The simple logic is, if you publicize your ownership of valuables stored somewhere, it will automatically provoke others to want to steal them (especially those with malicious intent). In other words, you don't need to publicize it; what is the point?

Regarding well-known public Bitcoin holders, I believe they have prepared for every eventuality. One well-known Bitcoin holder in my country often talks about the potential wrench attacks they might experience, and I believe they should discuss this, and take steps to prevent it from happening, to avoid such problems.

Personally, I don't see the point in sharing someone Bitcoin holdings, even for influencers. It will only make them anxious and put them at risk. It should be better to enjoy the peace of mind of owning Bitcoin, without anyone else knowing.