According to ChainCatcher and Cointelegraph, recent "wrench attacks" targeting cryptocurrency investors (obtaining private keys through physical coercion) have increased, driving up market demand for professional custody services. Data shows that such attacks have significantly grown since 2023, including cases like the kidnapping of Ledger's founder, which have drawn industry attention.
Custody service providers like HashKey report a notable increase in consultations about asset custody services from high-net-worth individuals and family offices. Analysts point out that while cold wallets provide complete control, they also become single points of attack, and solutions like multi-signature and multi-party computation (MPC) are gaining more adoption.
Industry experts believe that as regulatory frameworks improve and institutional custody solutions become more widespread, such physical attacks will decrease due to rising criminal costs. Currently, some investors have begun seeking professional security services to protect their personal safety.
