When Canadian cryptocurrency entrepreneur Harry Chun Tak Yeh plunged to his death from a high-rise in Paraguay in August, the circumstances drew attention to a decidedly low-tech threat facing the high-tech world of digital assets: physical violence.
Physical attacks on cryptocurrency holders—known as “wrench attacks”—have risen for three straight years. Yeh’s death has prompted speculation within the crypto community that he may have been targeted in just such an attack.
The Hong Kong-born founder of Quantum Fintech Group fell from the 30th floor of a luxury residential tower in Asunción on Aug. 7. His unclothed body was found covered by a black plastic bag, while his apartment upstairs had been ransacked and its doors left open….