France Charges 88 in Nationwide Crypto ‘Wrench’ Probe

French prosecutors have charged 88 people in a nationwide investigation into so-called ‘wrench' attacks, a series of violent robberies targeting people who buy, sell or hold cryptocurrencies. The case file alleges that networks planned and carried out operations across multiple French departments.

Authorities allege attackers threatened victims with blunt instruments and physical violence to compel them to reveal PINs or seed phrases, hand over devices that store private keys, or execute transactions on the spot. Some incidents reportedly began as in-person meetings arranged for cryptocurrency trades.

Investigators conducted coordinated searches and seized phones, computers, hardware wallets, cash and other assets linked to the alleged crimes. The inquiry combined traditional techniques-wiretaps, bank records and police raids-with blockchain tracing to follow transfers and identify accounts where stolen funds were moved.

Those charged face accusations including organized criminal association, extortion, aggravated theft and money laundering under French law. Prosecutors have requested pretrial detention for some suspects while others were released under judicial supervision as inquiries continue.

Court filings indicate the defendants held a range of roles, from those accused of taking part directly in robberies to individuals alleged to have helped launder or conceal proceeds. The seized electronic devices are to undergo forensic analysis.

Authorities noted that control of private keys or seed phrases allows immediate and irreversible transfer of digital assets, which can make these robberies especially damaging for victims. French prosecutors are working with financial regulators and cryptocurrency platforms to flag suspicious transfers and trace funds.

The investigation remains active. Prosecutors plan additional searches and interviews as courts consider which case files will proceed to trial and how many defendants will face full criminal prosecution.