March 5 News: A cryptocurrency holder claimed on social media that they were subjected to a violent attack, during which the assailant stole approximately $24 million worth of crypto assets. The victim stated that the attacker threatened kidnapping and used an axe to force them to transfer funds. The incident has garnered widespread attention, and blockchain security firm PeckShield has begun tracking the flow of the stolen funds.
According to the victim’s description on X (Twitter), during the attack, the suspect used force to threaten the victim into transferring their crypto assets and threatened to commit sexual violence. The victim said they were held down during the incident but were not seriously harmed, though their crypto assets were stolen. The stolen funds were transferred to an Ethereum wallet starting with 0x6fe0…0322.
Currently, the victim has offered a 10% bounty for the recovery of the stolen funds and is calling on blockchain investigators to help trace the flow of the money. PeckShield later stated that an Ethereum address related to this case was stolen from about $24 million worth of aEthUSDC. Analysis shows that these funds are now stored in two wallets controlled by the attacker, each holding approximately $10 million.
More complex is the fact that the attacker has transferred part of the stolen funds to the Layer 2 network Arbitrum, a common tactic used to obfuscate the source of funds and hide transaction traces. PeckShield’s analysis team indicated that these funds have not yet been consolidated, meaning there is still a possibility to track their flow.
This incident highlights the increasing risk of physical attacks in the crypto space, often referred to as “wrench attacks,” where criminals use violence to force crypto holders to reveal private keys or execute transfers. As the cryptocurrency industry expands, such violent crimes targeting individual assets are gradually rising.
It is currently unclear whether any of the stolen funds have been successfully recovered, but the event serves as a stark reminder for crypto holders to enhance security awareness and avoid becoming targets of such crimes.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bitmine Raises ETH Staking to 70% of Holdings With $320M Latest Push
Gate News message, April 24 — Bitmine, the largest Ethereum treasury company led by Tom Lee, staked approximately $320 million worth of ether over the past 24 hours, bringing its total staked holdings to over 70% of its overall position.
The company moved roughly 75,600 ETH to a major CEX for
GateNews33m ago
Hyperliquid Trader neoyokio.eth Averages Down CHIP Position to $3.4M at $0.098
Gate News message, April 24 — Hyperliquid trader neoyokio.eth added to their 3x leveraged CHIP long position earlier today, increasing holdings from $2.2 million to $3.4 million with an average entry price of $0.098, according to Hyperinsight monitoring. The position is currently underwater by
GateNews2h ago
Ripple RLUSD Gains Wanchain Bridge Support Across XRPL, Ethereum, and Cardano
Gate News message, April 24 — Ripple's RLUSD stablecoin has expanded its cross-chain reach after Wanchain added bridge support for the asset. The integration enables RLUSD transfers across the XRP Ledger, Ethereum, Cardano, and Wanchain networks, creating multiple interoperability routes for users m
GateNews3h ago
Ethereum Spot ETF 10-Day Inflow Streak Ends With $75.936M Net Outflow
Gate News message, April 24 — Ethereum spot ETFs recorded a total net outflow of $75.936 million yesterday (April 23), ending a 10-day streak of consecutive net inflows, according to SoSoValue data.
Grayscale Ethereum Mini Trust ETF (ETH) led inflows with $19.758 million in net deposits, bringing i
GateNews4h ago
Belarus: Crypto banks can use 26 digital assets and conduct 11 types of business
According to a report by the Belarusian news agency BelTA on April 23, Alexander Yegorov, First Deputy Chairman of the National Bank of Belarus, announced at the “2026 Digital Bank” conference that the Belarusian crypto-banking framework allows the use of 26 cryptocurrencies and 11 types of operations, as set out in accordance with Belarusian Decree No. 19, “On certain regulatory issues in the field of crypto banks and digital tokens.”
MarketWhisper5h ago
Grayscale Ethereum Staking Mini ETF Records $337M Inflows in Q1, Leads U.S. ETP Providers
Gate News message, April 24 — Grayscale's Ethereum Staking Mini ETF attracted $337 million in inflows during the first quarter of 2026, ranking first among U.S. ETP providers, according to Grayscale CEO Peter Mintzberg posting on X. The achievement reflects strong institutional demand for Ethereum s
GateNews5h ago
