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Physical Crypto Attacks Surge in Europe

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Europe is witnessing a worrying rise in physical crypto thefts, with losses reaching $101 million. According to CertiK, these 'wrench attacks' typically involve teams of three to five criminals who pose as delivery drivers or ambush victims. The attacks highlight a glaring vulnerability in crypto security: while digital defenses improve, physical threats remain under-addressed. Investors and exchanges in Europe must now consider personal security measures alongside traditional cybersecurity protocols. This trend could dampen retail investor confidence and increase demand for institutional custody solutions, potentially shifting market dynamics.

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