UK crypto trader says almost $800,000 lost in knife attack as wrench attacks proliferate

A cryptocurrency trader in the U.K. claimed to have had almost $800,000 of crypto stolen after armed intruders broke into his home and forced him to transfer digital assets to a specific wallet, highlighting a threat to investors that neither self-custody nor encryption can prevent. The unidentified trader, pseudonymously “realist” on X, said attackers held him at knifepoint, destroyed his phone and forced transfers of approximately $40,000 from a hot wallet and $720,000 from his Ledger wallet.