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Billionaire crypto investor Tim Heath survived a violent kidnapping attempt, revealing alarming security gaps in the crypto world. The attack underscores rising ‘wrench attacks’ targeting high-profile crypto holders. Experts warn regulatory measures like the FATF Travel Rule may inadvertently expose investors to physical threats.
- Tim Heath's kidnapping attempt involved GPS tracking, burner phones, and a forged passport, exposing vulnerabilities in crypto investor security.
- The FATF Travel Rule, designed to combat money laundering, may unintentionally make crypto holders targets by linking wallets to real identities.
- Recent high-profile attacks, including Ledger co-founder David Balland's abduction, signal a growing trend of physical threats against crypto entrepreneurs.
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