UK trader loses ~$800,000 in knife-point crypto theft

A U.K. crypto trader says masked intruders stole nearly $800,000 in cryptocurrency at knifepoint, the latest in a wave of so-called "wrench attacks" spreading in the country. The incident highlights how physical coercion can bypass the protections of self-custody and hardware wallets, which secure funds against digital theft but not offline threats.

• The report underscores the limits of hardware-wallet security against physical extortion.
• No details were disclosed on the affected assets, wallets or any suspects.