Bitcoin News
By James Thorp
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Adam Iza and the Conspiracy's Inner Circle. Adam Iza — identified as Faiq's brother — pleaded guilty to the same charge on June 1.
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Wrench Attacks Are Getting More Common. The crypto security community calls them "wrench attacks" — physical coercion used to force…
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A 22-year-old from St. Louis just admitted to one of the stranger crypto crime cases in recent memory.
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The crime itself goes back to August 2024. Faiq's role, per prosecutors, was recruiting co-conspirators, coordinating with Adam Iza, and surveilling the targets.
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Faiq's sentencing is set for August 28. The charge carries up to 20 years.
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Adam Iza — identified as Faiq's brother — pleaded guilty to the same charge on June 1. Same conspiracy, same charge, different date.
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That's kind of the core of what's happening here. Visible wealth, whether a Lamborghini in a driveway or a known connection to a major Bitcoin theft, creates a trail.
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The crypto security community calls them "wrench attacks" — physical coercion used to force someone to hand over private keys, passwords, or direct access to digital wallets.
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Read also: Florida Bitcoin Kidnapping Suspect Faces 20 Years After Guilty Plea
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CertiK's 2025 report tracked a 75% spike in these kinds of incidents. And in early 2026, CertiK recorded 34 separate incidents with roughly $101 million in losses — predominantly…
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France has seen a string of violent attacks on crypto holders and their relatives over the past couple of years.
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The Danbury case brings that same logic to the U.S., and the DOJ's involvement sends a pretty clear message that federal prosecutors aren't treating it as a niche digital crime.
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So what does this mean practically for people holding significant crypto? Probably more than most want to think about.
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The Lamborghini in this case wasn't just a carjacking target. It was a data point. Someone saw it, connected it to Bitcoin wealth, and built a kidnapping plan around it.
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Related: Chinese Court Sends Bitcoin Thief to Prison for Nearly 11 Years After Seed Phrase Heist
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