Gunman Targets Crypto Investor in France Amid Surge in Wrench Attacks
A crypto investor in southern France narrowly escaped harm after a gunman posing as a delivery driver attempted to extort him at gunpoint. The incident occurred on April 11 in Saint-Jean-de-Védas, a suburb of Montpellier, marking what local media describe as the first reported crypto-motivated home invasion in the region.
According to French outlet Actu.fr, the assailant forced the investor and his family into a room at gunpoint. During a struggle, a shot was fired, but no injuries were reported. The suspect, a 25-year-old man, was later identified and arrested by the Montpellier Gendarmerie. Authorities are investigating whether he acted alone.
France: A Growing Hotspot for Wrench Attacks
This attack highlights a troubling rise in “wrench attacks,” where criminals use physical threats to compel crypto holders to surrender funds or private keys. France has become a hotspot for such crimes, with 41 crypto-related kidnappings and home invasions reported so far in 2026, according to RTL. This averages to one incident every 2.5 days.
The trend follows a 75% increase in global wrench attacks in 2025, with 72 documented cases that year and millions lost in confirmed thefts. France accounted for the highest number of incidents globally, underscoring a shift in crypto crime tactics from cyber exploits to physical coercion.
How Criminals Are Identifying Victims
Police and cybersecurity experts attribute the rise in attacks to multiple factors. Social media posts, leaked customer data, and targeted surveillance are being exploited to identify individuals with significant crypto holdings. For example, a breach at Ledger’s payment partner in January exposed names, contact details, and order information of hardware wallet buyers, effectively creating a high-quality list of potential targets.
French authorities are increasingly concerned about how this data is being weaponized. Criminals have used fake police raids, ransom kidnappings, and other sophisticated schemes to target crypto investors. In one March case, assailants masquerading as police officers extorted nearly $1 million in Bitcoin from a French couple.
Authorities Respond to Escalating Risk
In response to the surge in physical crypto crimes, France’s Interior Ministry is working on measures to protect investors. At the recent Paris Blockchain Week, Minister Jean-Didier Berger announced a new prevention platform aimed at educating crypto holders about security risks and best practices.
Experts advise investors to limit public disclosures of their crypto holdings, use multi-signature wallets, and implement duress protocols for emergencies. As wrench attacks highlight the vulnerability of individual holders, securing physical safety has become as critical as digital safeguarding in the crypto space.
The French case underscores a broader trend: as digital asset adoption grows, so do the risks. Investors should remain vigilant and prioritize both personal and digital security to protect their holdings in an increasingly hostile environment.