This isn’t just a problem in the Netherlands or a thing of the past. 2025 actually saw the highest number of attacks ever recorded [0].
There are ways to prevent this. Like using multi-sig with geographical separation (so you can't move funds alone) or setting up forced time-delays. Ultimately, being your own bank is a massive responsibility, and I think too many people take that reality too lightly.
I think there was a rash of this kind of this kind of wrench cryptocurrency robberies in the Netherlands a few years ago.
Break in, bash owner about with a wrench, get coins. <Insert xkcd>
Yep, the meme in crypto community is that you can have all the digital security possible but it'll lose to the $5 wrench attack.
This isn’t just a problem in the Netherlands or a thing of the past. 2025 actually saw the highest number of attacks ever recorded [0].
There are ways to prevent this. Like using multi-sig with geographical separation (so you can't move funds alone) or setting up forced time-delays. Ultimately, being your own bank is a massive responsibility, and I think too many people take that reality too lightly.
0: https://stats.glok.me/
xkcd 538, that is