‘Panic Wallets’ Enter the Spotlight as Crypto Firms Scramble to Counter Wrench Attacks

[etfs]

With wrench attacks rising, wallet developers are racing to build duress tools — from instant decoy balances to subtle biometric distress gestures.
Yet Lopp warns the entire concept rests on guessing an attacker’s behavior: one victim who attempted a decoy wallet failed to convince their assailant, while another was tortured despite immediate compliance.
Roughly a quarter of attacks involve home invasions, often enabled by leaked KYC data or doxing, and two-thirds of incidents succeed — a sign that defensive tech still has major limitations.

[Nahid Hossen]

Panic wallets could be a game-changer for user safety.

[Abdul Khan]

Physical attack protection is the next frontier of crypto security.