French authorities report 90 crypto-related violent crimes in 7 months
Summary
French authorities have reported 90 crypto-related cases of kidnapping, extortion, threats, and violent theft over just seven months, driven primarily by leaked tax records that reveal the identities and holdings of crypto owners. This surge in violent incidents, characterized as "$5 wrench attacks," is linked to a significant data breach from 2024 involving the French tax authority, which exposed sensitive personal information. As a result, criminals are increasingly targeting not just crypto investors, but also their relatives, with investigations being coordinated through France's specialized organized crime jurisdiction, JUNALCO. Critics argue that stringent EU crypto tax reporting rules exacerbate risks for users by increasing data vulnerability.
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