Part of the CustodyStress archive of observed Bitcoin custody incidents
Physical Coercion
Cases involving physical force, threats, or coercion used to compel Bitcoin transfer or disclosure of access credentials. Includes home invasions, kidnappings, and robbery.
physical coercion cases show an 81% blocked rate among determinate outcomes. Where recovery was attempted, coerced transfer was the most common path.
75
Blocked
1
Constrained
17
Survived
17
Indeterminate
82% of determinate cases resulted in blocked or constrained access.
110 observed cases
Blocked
75 (68%)
Constrained
1 (1%)
Survived
17 (15%)
Indeterminate
17 (15%)
Kidnapped and Murdered for 3 BTC: Ukraine July 2024
Unknown custody system
On 28 July 2024, a 29-year-old Moroccan national resident in Ukraine was abducted from his apartment. Kidnappers forced him to execute a transfer of 3 BTC befor
WonderFi CEO Dean Skurka Kidnapped for $1 Million Ransom
Institutional custody
In November 2024, Dean Skurka, CEO of WonderFi, a publicly traded Canadian cryptocurrency company, was kidnapped during evening rush hour in Toronto, Ontario. T
Igor Lermakov Kidnapped in Bali, Coerced to Transfer $200K Cryptocurrency
Exchange custody
Igor Lermakov, a Ukrainian national residing in Bali, Indonesia, was ambushed on a roadway in December 2024 by a four-person Russian organized crime gang. After
Armed Robbery at Barcelona Cryptocurrency Company: Five Attackers, Institutional Funds Seized
Institutional custody
In January 2023, five armed men entered the Barcelona office of an unnamed cryptocurrency company. The attackers were equipped with tasers and zip ties, which t
Peter Vuong Kidnapping: Physical Coercion and Ransom Demand, Sydney 2023
Unknown custody system
In March 2023, Peter Vuong was abducted in Sydney by an organised crime group and held for six days while the gang tortured him and demanded $5 million in ranso
Yuri Boytsov: Bali Home Invasion and Forced Bitcoin Transfer Under Duress
Software wallet
Yuri Boytsov, a Russian cryptocurrency blogger known for publicly discussing his holdings, became the target of a violent robbery in Bali, Indonesia in February
Seoul Cryptocurrency Kidnapping and Murder: March 2023
Unknown custody system
In March 2023, a 48-year-old woman in Seoul, South Korea was abducted by four men who targeted her for her cryptocurrency holdings. The perpetrators used physic
Tbilisi Cryptocurrency Exchange Robbed of $900,000 Under Duress
Institutional custody
In October 2023, six men executed an armed robbery targeting a cryptocurrency exchange office in Tbilisi, Georgia. The perpetrators forced exchange operators to
Rönninge Home Invasion: Couple Coerced at Knifepoint to Transfer Bitcoin
Unknown custody system
In November 2023, a couple residing in Rönninge, Sweden experienced a violent home invasion targeting their cryptocurrency holdings. Attackers forcibly entered
Binance Executives Kidnapped in Montenegro, Coerced to Transfer $12.5M Crypto
Institutional custody
In November 2023, two executives employed by Binance who managed VIP client accounts were deceived into traveling to Montenegro under the guise of a legitimate
Durham Couple Loses $250,000 in Cryptocurrency to Armed Home Invasion
Unknown custody system
In April 2023, two men gained entry to a Durham, North Carolina home by posing as construction workers. Once inside, they confronted a 76-year-old couple and us
Benalmádena Kidnapping: Crypto Businessman Rescued by Spanish Police
Unknown custody system
In May 2023, three individuals kidnapped a cryptocurrency businessman in Benalmádena, Spain, and demanded a €1 million ransom. The incident represents a custody
Karl Johnson: Serial Kidnapping and Coercion for Bitcoin Access, Salford 2023
Unknown custody system
Karl Johnson, a Bitcoin holder based in Salford and Cheshire, England, experienced an unusual and severe escalation of coordinated physical attacks throughout 2
Kidnapping and Torture for Seed Phrase Extraction: Portland, Oregon 2023
Hardware wallet (single key)
In November 2023, a 21-year-old cryptocurrency holder in Portland, Oregon became the target of a coordinated abduction by four men who traveled from Florida wit
Russian Bitcoin Miner Kidnapped and Ransomed; Rescued by Police
Hardware wallet (single key)
In December 2023, a 23-year-old cryptocurrency miner was abducted from his home in Izhevsk, Russia. The perpetrators held him for ransom, attempting to coerce h
Richmond, BC Cryptocurrency Theft: CAD $10M Stolen via Police Impersonation — 2023
Unknown custody system
In 2023, a cryptocurrency holder in Richmond, British Columbia fell victim to an escalated physical attack that demonstrated the vulnerability of self-custody h
Florida Couple Kidnapped by Crypto-Targeting Gang — Hardware Wallet Retrieved Under Duress
Hardware wallet (single key)
In September 2022, Glenn and Julia Goodwin, a retired couple in Delray Beach, Florida, were awakened shortly before midnight by intruders breaking through their
Remy St Felix Multi-State Bitcoin Home Invasion Ring — 11 Victims, $3.5M, 2022–2023
Exchange custody
Between late 2020 and July 2023, a criminal organisation led by Remy Ra St Felix, 25, of West Palm Beach Florida conducted a systematic campaign of SIM-swap fra
Vinay Naik Kidnapped in Pune for $50M Bitcoin Ransom
Unknown custody system
Vinay Naik was kidnapped in February 2022 in Pune, India, by an organized group of eight individuals, including at least one officer from local law enforcement.
Ilya Basin: Crypto Consultant Attacked in Targeted Brooklyn Home Invasion
Unknown custody system
In February 2022, Ilya Basin, a cryptocurrency consultant based in Brooklyn, New York, was subjected to a violent home invasion. Attackers forcibly restrained h
Barrie Kidnapping: Victim Coerced for $1 Million Bitcoin Ransom
Unknown custody system
In November 2022, a woman identified as A.T. was kidnapped in Barrie, Ontario, Canada. Her captors restrained her to a chair, inflicted physical trauma includin
Hoboken Teacher Resists Home Invasion and €3M Bitcoin Coercion Attempt
Hardware wallet (single key)
In January 2022, three men forcibly entered the home of a 34-year-old secondary school teacher in Hoboken, Belgium. The attackers' stated objective was to coerc
Osaka Gang Kidnaps and Tortures Gym Member for Cryptocurrency
Unknown custody system
In June 2022, a criminal gang operating in Osaka, Japan carried out a kidnapping and torture case targeting a fellow gym member for the purpose of stealing cryp
Little Elm, Texas Home Invasion: $1.4M Hardware Wallet Sought but Not Found
Hardware wallet (single key)
In December 2022, armed home invaders broke into a residential property in Little Elm, Texas, and subjected the occupants to approximately three hours of tortur
Russian Couple Forced to Transfer Bitcoin Under Armed Coercion — September 2022
Software wallet
In September 2022, a Russian couple experienced a custody failure driven by physical coercion rather than technical or administrative error. Six attackers ambus
Trigger categories
Forgotten Passphrase
Institutional Failure
Device Discarded
Seed Never Recorded
File Deleted — No Backup
Passphrase Never Recorded
Device Loss Without Backup
Owner Death
Passphrase Unavailable
Device Loss
Exchange Collapse
Exchange KYC / Account Lockout
Passphrase Loss
Credential Loss
Platform Failure
Hardware Wallet PIN Loss
File Corruption
Institutional Custody Failure
Seed Backup Unavailable
All cases
Translate