Crypto 'wrench attacks' persist as total climbs to 52 and value targeted jumps more than tenfold, CertiK says

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According to security firm CertiK, wrench attacks—physical extortion targeting cryptocurrency holders—have increased to a total of 52 cases. In particular, as the value of the targeted assets skyrocketed more than 10-fold, a red light has turned on for investor safety. Such physical security threats can dampen retail investor sentiment and lower overall market confidence. Therefore, investors are required to implement thorough risk management, such as strengthening exchange custody and hardware wallet security.

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