02 October 2026 - 07:41

Category: IT Fail

When Passwords Meet Actual Hammers

A man handed over hundreds of thousands in cryptocurrency after thieves turned up with hammers instead of phishing links. So much for decentralised security.

When Passwords Meet Actual Hammers. A man handed over hundreds of thousands in cryptocurrency after thieves turned up with hammers instead of phishing links. So much for decentralised security.

Source: BBC News Technology

The Full Story

Severity: High Mood: Concerning

A cryptocurrency owner learned the hard way that blockchain cryptography offers zero defence against thieves wielding actual hammers in one's home. The victim surrendered hundreds of thousands of pounds of cryptocurrency under horrific physical coercion, completely bypassing any clever security controls he thought he had. Protecting ourselves against such brutal physical extortion clearly cannot be resolved with another pointless patch or password change. It is almost as if storing life savings in digital tokens invites real-world physical chaos.

#cryptoproblems #hammerprotocol
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