Wrench Attacks

XKCD #538 A year ago I wrote The Risks Of HODL-ing sparked by Mitch Moxley's They Stole a Quarter-Billion in Crypto and Got Caught Within a Month. Moxley recounts the kidnapping of Veer Chetal's parents to persuade him to hand over his share of the loot: the Lamborghini was suddenly rammed from behind by a white Honda Civic. At the same time, a white Ram ProMaster work van cut in front, trapping the Chetals. According to a criminal complaint filed after the incident, a group of six men dressed in black and wearing masks emerged from their vehicles and forced the Chetals from their car, dragging them toward the van’s open side door. Below the fold I look at Bloomberg updates from last week on why the crypto-bros are having to spend vast sums on defending against the threat of HODL-ing. First, Emily Nicolle's Crypto High-Rollers Go Big on Bodyguards to Deter Kidnappers reports on the aftermath of a serious security breach at Coinbase: Coinbase has said that the leak affected less than…