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1. Maintain [https://wiki.wrenchdefense.com/index.php/opsec OPSEC] | 1. Maintain [https://wiki.wrenchdefense.com/index.php/opsec OPSEC] Avoid publicly disclosing Bitcoin holdings or wealth. Use [https://wiki.wrenchdefense.com/index.php/pseudonyms pseudonyms] online and limit sharing on social media. | ||
2. Store [https://wiki.wrenchdefense.com/index.php/seedphrase seed phrases] and [https://wiki.wrenchdefense.com/index.php/hww hardware wallets] in secure locations, such as a safe deposit box or a hidden safe | 2. Store [https://wiki.wrenchdefense.com/index.php/seedphrase seed phrases] and [https://wiki.wrenchdefense.com/index.php/hww hardware wallets] in secure locations, such as a safe deposit box or a hidden [https://wiki.wrenchdefense.com/index.php/safe safe] Consider tamper-evident storage solutions. Remember that safe's are not safe! | ||
3. Use multi-signature [https://wiki.wrenchdefense.com/index.php/multisig (multisig)] setups requiring multiple keys held in different locations or by trusted parties, making coercion less effective. | 3. Use multi-signature [https://wiki.wrenchdefense.com/index.php/multisig (multisig)] setups requiring multiple keys held in different locations or by trusted parties, making coercion less effective. | ||
4. Geographic Distribution: Store backups (e.g., seed phrase copies) in multiple secure locations to reduce the risk of losing everything in one attack. | |||
5. Duress Codes: Some hardware wallets support duress PINs that unlock a [https://wiki.wrenchdefense.com/index.php/decoy decoy] wallet with minimal funds, misleading attackers. | |||
6. Wrench Defense: Set up a tripwire on a [https://wiki.wrenchdefense.com/index.php/utxo UTXO] in a decoy wallet. Activate a silent alarm during wrench attack and share your location with law enforcement of Liam Neeson. | |||
7. Get a gun, consider self-defense training, and install a home security system. | |||
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A $5 Wrench Attack is a physical or social engineering attack where an attacker uses coercion, intimidation, or violence—symbolized by a cheap tool like a $5 wrench—to force a Bitcoin user to reveal their private keys, seed phrases, or access to their crypto funds. Unlike digital cyberattacks (e.g., hacking or phishing), this attack targets the human element, exploiting physical or psychological vulnerabilities.
TLDR
Bad guys will kidnap you and torture you for your bitcoin.
Prevention Strategies:
1. Maintain OPSEC Avoid publicly disclosing Bitcoin holdings or wealth. Use pseudonyms online and limit sharing on social media.
2. Store seed phrases and hardware wallets in secure locations, such as a safe deposit box or a hidden safe Consider tamper-evident storage solutions. Remember that safe's are not safe!
3. Use multi-signature (multisig) setups requiring multiple keys held in different locations or by trusted parties, making coercion less effective.
4. Geographic Distribution: Store backups (e.g., seed phrase copies) in multiple secure locations to reduce the risk of losing everything in one attack.
5. Duress Codes: Some hardware wallets support duress PINs that unlock a decoy wallet with minimal funds, misleading attackers.
6. Wrench Defense: Set up a tripwire on a UTXO in a decoy wallet. Activate a silent alarm during wrench attack and share your location with law enforcement of Liam Neeson.
7. Get a gun, consider self-defense training, and install a home security system.