Prioritizing Safety

This is a harsh reminder... Gonna keep this quick. Fame in the crypto world works differently, and protective measures are not just digital anymore. Keeping a low profile should be the top priority for everyone as more people get into crypto every day. Always prioritize safety first. Wrench attacks are on the rise, and it's just common sense to recognize this, especially with more folks becoming aware of crypto who weren’t even two years ago. As this space expands, security isn’t just about online stuff anymore. Adoption leads to more exposure and visibility. And that visibility unfortunately brings more risks. I really hope the French government finds those behind the wrench attack. David and his family are safe, but for the rest of us, these attacks are only gonna get worse as crypto keeps growing. Sadly, it might just become a normal part of this space.

I am interested in whether he was targeted to crypto-related reasons or any others. More research is needed.

If they get the chance then they could attack him for all crypto he has like for ransom as an example. If you make some research, there are influencers of famous person who got robbed by someone because they know he has crypto stored in his wallet. Having privacy is what matters most but due to regulations where anyone who uses centralized platforms can ask you KYC anytime they want of if they feel suspicious with your account's activity.

Bitcoin Physical Attacks getting more serious https://github.com/jlopp/physical-bitcoin-attacks https://github.com/demining/Physical-Bitcoin-Attacks It's not a first Bitcoin physical attack, not the worst, and not the last case too. People must be very careful with their lives, how they keep their lives privately, secretly and humbly for their safety or they want to be famous and become favorite targets of criminals.

I honestly do not like this new trend where every crypto person who is attacked or robbed is attacked or robbed simply because they were involved in crypto. I don't know if this is the media purposely painting a narrative or if it's just happening on its own. We've read other stories of athletes whose house where robbed while they were taking part in a game. We also saw a live video coverage of thieves carrying out a raid on the Louvre Museum in broad daylight. It's common knowledge that rich people are often targeted for theft and home invasions. We need to stop making it seem like they were targeting simply because they were involved in crypto. This doesn't mean people can't be targeted simply because they hold crypto; all I'm saying is, not every attack on a crypto-related person was because they hold crypto.

Rich people will always have security risks, which is why it is important to invest in security whether it is guards, weapons, or something else as per their needs. And it is not just because of the crypto adoption or anything, people who is aware of the rich will be targetted so be cautious with who you are sharing personal details.

it’s pretty obvious it will be because people know him as someone influential or powerful or in short wealthy. a lot of people will target someone like him for his money i doubt it has something to do with wanting to make a statement or something

Keeping a low profile when you are a crypto investor is actually one thing someone needs to do for security reasons, but it's a different story when you are working in a big, well-known establishment like Binance where your position is already public to the world. You don't need to be the one to make yourself public but the media will, the best thing that could be done in such a case is just increased your security or try as much as possible for your location to always not be known.

So now bitcoin adoption causes wrench attack this was supposed to be my reply till I googled what Wrench attack means, well bank robbery keeps growing too and home invasion, and other forms of attacks and robbery keep growing. Wrench attack will keep increasing if those who are now adopting bitcoin aren’t private about it.

Such attacks can be minimized when users operate according to the principles that govern the Bitcoin system, such as * Be anonymous. But if you are not then don't let the public or untrustworthy people have knowledge of your Bitcoin holdings.   * Don't put all your bitcoins in one basket.  Hold your bitcoins in multiple addresses so that If thieves demand for them, you may give them one or few addresses that have small amounts of your total holdings . * Becareful with centralized exchanges They operate dangerously or in ways that expose users and their funds to big risk compared to Bitcoin self-custody Etc

The biggest risk any Bitcoin investor would face these days often come from them saying too much. If investors learn to say less or brag about less than they have any avoid some Bitcoin intelligence like terms and dictions while talking with other persons, the safety is assured both online and offline. Also, learning to plan for worst case scenarios and knowing the right ample measures in tact, should be what Bitcoin investors should try to do on a regular basis so as to assess and adjust their portfolio wallets to be safer.

There's no denying that rich people are always at a security risk, but I believe it is something that they already know themselves and have the funds to obtain the necessary security, especially those involved in crypto, which is now seen by most institutions and investment organizations as a safe haven. It is just that some people never understand that their lifestyles and the model of doing live video recording of their daily life activities are exposing them to wrench attack. If we look into most people who were victims of wrench attacks, it all started from their social media and naive adopted lifestyles in the 21st century. You have a point here, but the target of some attackers has somehow focused on crypto enthusiasts who don't prioritize privacy.

I keep telling people this, get a security detail for your home and buy a personal firearm. 90% of the meatspace attacks will be deterred once they realize that you're not alone. To say nothing about the presence of a gun... And for the remaining 10%, it is usually done by someone you know, who you have done some sort of thing to. When I say that, I don't necessarily mean directly. For example, scamming someone would motivate a meatspace attack, but also refusing them or even just ignoring them could cause this sort of thing, particularly in mentally unstable people.

Not the first time that a high profile, as last year, about the same time, Ledger founder and his wife was kidnapped in France as well, https://www.reuters.com/world/europe/kidnapped-co-founder-french-crypto-firm-ledger-had-his-hand-mutilated-2025-01-24/ So I don't what's with France, but in any case, everyone has his responsibility specially if you are a personality in crypto now., (CEO/CFO/Founder). Physical security should be taken very seriously.

Indeed, when it comes to financial status, we must be low-key.  Wrench attackers is not limited to Bitcoin holders only, but whenever they see that a person is "packed", they will target him.   As stated, wrench attacks keep increasing because more and more people are flexing their income.  They even show a huge amount of cash, even holding it themselves, like they are inviting criminals to target them. And now, cryptocurrency, specifically Bitcoin, is getting hotter and hotter, we must be very secretive about our Bitcoin holdings.  We never know that the one we are sharing with about Bitcoin has tendendy to jealousy, or envy, or do ill things to get what they want. As they say, prevention is better than cure, so better have a low profile if we have Bitcoin holdings than to be sorry.

He heads Binance in France, the recommendation of a low profile does not apply to individuals of high net-worth and worth, it also does not apply to individuals who work for crypto companies in a large capacity. They do all sort of promotions on social media and all that, they are well known. What such people can do is provide better security features for their homes and get a gun at the very least. He and his family were not at home. And the attackers have been apprehended. Shortly after leaving David's home, they went on another robbery attempt, authorities were able to link the events and arrest them.

It could be that they saw other thieves not being caught and they think they can pull a successful robbery too.  Then there is always this chance that they did not particularly target his Cryptocurrency stash but rather attacked his house because it is a luxurious property.  After all, the more you show the higher the chances are that you will be a target. They COULD be painting a narrative but it would be very dubious to stage so many of them.  Unless they were simply victims of a theft and the media is painting a 'Bitcoin is at fault for this' narrative. I much rather believe this is increasingly happening because Fiat is slowly going to hell and more and more people are entering the survival mode.  Bitcoin has been around for almost two decades.  Only recently it became a 'trend' to rob houses of Cryptocurrency enthusiasts.

I agree with you, OP. People need to keep their OPSEC up to date and always in the back of their minds, even outside of crypto. The world is increasingly becoming digital and with that transformation there are new ways to harm and ruin people. Especially financially. This is why I cringe whenever people tell me about how many sites they have given their government issued documents to for a "identity check". What happens when that data leaks?

I don't know what the world is turning into that people are looking for money through every means. I never knew we would get to a point that owning bitcoin or being associated to cryptocurrency will become a major security threat. Now I know why Satoshi decided to remain anonymous to date, who knows how terrible his life and safety would have been should people know who he is seeing the amount of bitcoin that would be under his control. But how do we spread the word about bitcoin to make more people join the as it has become a thing of security concern talking about cryptocurrency in public? These days people do not care how much you have in cryptocurrency, the moment they know you are into it, they will assume that you are rich.

Unless you are developing things Bitcoin related or it is related to your job, I would not talk about Bitcoin around people for the same reason I would not talk about purchasing Gold Bars in the middle of a Mall. Your word convincing one more person is not worth risking your properties or your life in my opinion.  You may believe other wise.  Keep Bitcoin to your self, there is no real positive thing to gain out of bragging about it.