Crypto Heist: $11 Million Stolen in San Francisco 'Wrench Attack'

San Francisco Crypto Home Invasion

• 💡 Security footage captured an intruder posing as a delivery person entering a San Francisco home in broad daylight.
• 📌 The resident was tied up and forced to grant access to financial accounts, leading to the theft of approximately $11 million in crypto.
• 🔑 The stolen digital assets were accessed using keys stored on the victim's laptop and phone.

The Rise of 'Wrench Attacks'

• 🧠 Within the crypto industry, these incidents are known as 'wrench attacks', where criminals use physical force instead of online hacking.
• ⚠️ Criminals tie up victims and use facial recognition via their phones to drain accounts.
• 📈 Public reports indicate over 60 physical attacks on digital asset investors this year alone.

Global Trend in Crypto Crime

• 🌍 NBC News has identified crypto-related kidnappings in 44 countries.
• 🚨 Noteworthy cases include incidents in France and a high-profile abduction and torture of a trader in Manhattan.
• 📊 These attacks tend to increase during market surges, such as the one seen last November when Bitcoin reached a new record high.