A massive surge in physical attacks against holders
Forget about simple phishing attacks or smart contracts hacks. The threat is now very real and physical. The national prosecutor against organized crime, Vanessa Perrée, dropped a bombshell this Friday: 88 suspects, including about ten minors, have been indicted in 12 cases of kidnapping and unlawful confinement. Out of this total, 75 are already in pretrial detention.
It did not take long for Telegram founder Pavel Durov to react. On X, he highlighted some chilling figures: a total of “41 kidnappings of cryptocurrency holders in France in just 3 and a half months in 2026.” According to him, this surge stems from data leaks linked to KYC and French crypto taxes:
“The French tax authorities are selling the data of cryptocurrency holders to criminals (Ghalia C.) and massive leaks of tax databases have been observed. The state is now also demanding the IDs and private messages of social media users. More data = more victims,” he wrote.
Indeed, the figures are staggering and confirm a massive boom in this type of crime. Since 2023, 135 similar cases have been recorded by law enforcement. The pace is accelerating dangerously with 47 cases already registered in the first few months of 2026 alone.
The modus operandi of these highly organized networks is even more frightening. The victims, often identified as major holders, are kidnapped, held captive, and sometimes tortured until they transfer their wallets to the kidnappers’ addresses.
Data leaks and organized networks: How are whales being targeted?
How do these criminals manage to target whales and retail investors with such precision? The answer might lie in the security flaws of our institutions. Pavel Durov pointed the finger at a massive data leak in France, which exposed the personal information of nearly 19 million people.
This sensitive data is sold for a fortune on the darknet and allows criminals to execute surgical operations. The kidnappers do not strike at random: they target Web3 startup executives, influencers, and traders who flaunted their gains during the last rally.
Faced with this threat, the golden rule of “Not your keys, not your coins” takes on a tragic dimension. Securing your assets on a cold wallet is no longer enough if your physical address is compromised. Experts now recommend absolute discretion to avoid becoming the next target of these crime syndicates 2.0.
Should you hide your crypto to survive the next bull run?
France has undeniably become the global epicenter for wrench attacks, physical assaults aimed at extorting private keys. According to cross referenced data from the police and firms like CertiK, the country accounts for an overwhelming share of these crimes in Europe, even though crypto adoption there reaches about 7 to 10 % of the population (or more than 5.5 million holders).
Since the beginning of the year, there has been a crypto related kidnapping every 5 days, meaning more than one victim per week.
While French authorities are deploying massive resources to dismantle these networks, the threat still looms large. Will investors have to resort to privacy coins or complex financial structures to hide their true wealth? How far will criminals go to seize your precious satoshis before the next ATH?
Crypto influencers are particularly at risk by exposing themselves on the internet. Obviously, the best choice remains to keep a low profile and avoid talking about crypto to the people around you.
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