Recently, there has been a sharp increase in reports of violent robberies targeting cryptocurrency assets, with self-custody wallets struggling to protect individual assets in a "wrench attack."

November 26th. Today, yet another news of a home invasion robbery has once again shaken the crypto community. Lachy Groom, the ex-boyfriend of OpenAI co-founder Sam Altman, became a victim of an armed robbery last Saturday night, losing crypto assets worth $11 million. The suspect, disguised as a delivery person, entered the residence, held the victim at gunpoint, physically assaulted him, tied him up with duct tape, emptied his crypto accounts, and stole his mobile phone and laptop. In addition to this case, recent reports of robbery incidents targeting cryptocurrency assets have been on the rise. These include: · In St. Petersburg, Russia, on November 22nd, the police arrested a man who broke into an exchange office, detonated two fake grenades, and set off a smoke bomb. He then demanded that the staff transfer all the exchange's crypto assets to his personal wallet. The attempt was unsuccessful, and he was arrested. · A man from Hong Kong was recently sentenced to 7 years in prison in Canada for his involvement in an extremely brutal home invasion robbery: four attackers disguised as postal workers broke into a residence in British Columbia and subjected a family of three to 13.5 hours of beating, waterboarding, sexual assault threats, and ultimately stole $1.6 million worth of Bitcoin. · On the afternoon of November 4th, two men and three women were attacked while traveling from Oxford to London. The robbers took their watches and the victims' phones and forced one of them to transfer cryptocurrency from their account. They ended up stealing a watch worth £450,000 and £1.1 million (approximately $1.44 million) in cryptocurrency. Violent robbery incidents have once again become the focus of the crypto community. Steve Krystek, the CEO of the personal security company PFC Safeguards, said that incidents of crypto investors being kidnapped are on the rise. Some jokingly refer to such attacks as "wrench attacks," suggesting that whether cryptocurrency can protect personal assets depends on whether the user can withstand a beating with a $5 wrench.