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Cryptocurrency Thefts Get Physical

ID: 09641665-5655-58f7-9c9e-6efea14a6198

STIX ID: report--09641665-5655-58f7-9c9e-6efea14a6198

Feed Name: Schneier on Security

Date Published: 2025-04-25

Date Updated: 2026-04-19

Author: Bruce Schneier

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This commentary argues that as sophisticated criminals profit from ransomware, less skilled offenders increasingly resort to physical coercion (“bring the wrench”) to rob cryptocurrency holders, exploiting public blockchain data and KYC-derived information for target selection; invoking Sutton’s Law to explain target choice, the author proposes an anti-duress approach using M-of-N secret sharing across jurisdictions so individual victims cannot divulge secrets under force.

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