The founder of Telegram, Pavel Durov, has raised alarm over a disturbing trend in France: a sharp rise in crypto-related kidnappings that he claims is fueled by leaked tax data exposing cryptocurrency holders.
His comments come amid growing concerns that digital wealth is no longer just vulnerable to hackers but increasingly to physical violence.
Data Leaks and Real-World Consequences
Durov argues that sensitive financial data leaks specifically from tax records- have made cryptocurrency investors easy targets for criminals. According to reports, personal information about crypto holders may have been exposed or even sold, giving attackers a roadmap to identify wealthy individuals.
This shift marks a dangerous evolution in crypto-related crime. Traditionally, digital assets were targeted through online hacks, phishing, or scams. Now, criminals are bypassing digital defenses entirely and going straight to the individuals themselves.
Durov claims that dozens of kidnappings in France this year alone can be linked to such leaks, with attackers using the data to locate and target victims.
France Emerges as a Hotspot for “Wrench Attacks”
France has rapidly become a global hotspot for what are known as “wrench attacks”- violent incidents where victims are coerced into handing over cryptocurrency under threat or physical harm.
Authorities have recorded a surge in such cases. In 2026 alone, at least 41 crypto-related kidnappings have been reported, highlighting the scale of the crisis.
These attacks often involve home invasions, abductions, or threats against family members. Unlike traditional cybercrime, they rely on physical intimidation rather than technical expertise.
Experts note that the transparency of blockchain transactions, combined with public displays of wealth on social media, has made crypto holders more visible and therefore more vulnerable.
A Shift From Digital to Physical Crime
The rise in crypto kidnappings signals a broader shift in how criminals operate. As security around digital wallets improves, attackers are turning to more direct and violent methods.
Recent data shows that crypto-related crime is increasingly spilling into the physical world. Over the past 18 months, hundreds of violent incidents including kidnappings and coercion- have been documented globally.
In France, this trend has taken a particularly severe form. Victims have been targeted not only for their own holdings but also for their connections to crypto businesses. In some cases, attackers have gone after family members to force compliance.
This evolution underscores a key reality: owning cryptocurrency can now carry real-world personal risks, especially when personal data is exposed.
Government Response and Growing Pressure
French authorities are under mounting pressure to respond to the crisis. The country had previously positioned itself as a hub for crypto innovation, but the surge in violent crime is threatening that reputation.
Officials are reportedly preparing stronger security measures and legal responses to combat the rise in kidnappings.
However, critics argue that enforcement has lagged behind the pace of the problem. Some reports suggest that many cases remain unresolved, with limited convictions acting as a weak deterrent for criminals.
Durov’s comments add another layer of controversy, as they indirectly place responsibility on government systems that may have failed to protect sensitive data.
The Role of Privacy and Platforms
Durov has long positioned Telegram as a privacy-first platform, often resisting government requests for user data. His stance aligns with broader concerns in the crypto community about surveillance and data security.
However, the issue of data leaks complicates the narrative. If sensitive financial information is exposed through official channels, even the most secure messaging platforms cannot fully protect users.
Telegram itself has been both praised and criticized for its privacy features. While it enables secure communication, its minimal restrictions have also drawn scrutiny from regulators concerned about misuse.
In this context, Durov’s warning highlights a paradox: privacy tools can protect users online, but they cannot shield them from risks created by external data breaches.
Crypto Wealth Becomes a Liability
The surge in kidnappings reflects a growing perception that crypto wealth is not just an asset—but a liability.
Unlike traditional bank accounts, cryptocurrency holdings are often self-custodied, meaning individuals have direct control over their funds. While this offers independence, it also removes institutional safeguards.
In a wrench attack, victims can be forced to transfer funds instantly, with little chance of recovery. This makes crypto an attractive target for criminals seeking quick payouts.
The problem is exacerbated by the irreversible nature of blockchain transactions. Once funds are transferred, they are difficult- if not impossible to retrieve.
Calls for Better Security and Awareness
Experts are calling for a multi-layered approach to address the issue. This includes stronger data protection measures, improved law enforcement capabilities, and increased awareness among crypto users.
Individuals are being advised to limit public exposure of their holdings, use privacy tools, and adopt personal security measures.
At the same time, governments face pressure to ensure that sensitive financial data is properly safeguarded. The alleged leaks in France have highlighted the risks of centralized data storage in an increasingly decentralized financial world.
A Warning for the Global Crypto Ecosystem
While France is currently at the center of the crisis, the implications are global. As cryptocurrency adoption grows, similar risks could emerge in other countries.
Durov’s warning serves as a stark reminder that the challenges facing the crypto industry extend beyond technology. They now include physical safety, data governance, and law enforcement.
The line between digital and real-world risk is becoming increasingly blurred.
For investors, the message is clear: protecting crypto assets is no longer just about securing private keys- it is also about protecting personal identity and physical safety.
As the industry evolves, so too must the strategies for staying safe in a world where digital wealth can have very real consequences.
