Crypto Attacks Surge, Coinbase Insurance Lacks Coverage for Coercion
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
- Surge in Attacks: Since 2020, over 215 physical crypto-related attacks have been recorded globally, with incidents in 2025 nearly doubling, highlighting the increasing security threats faced by small investors.
- Major Case Exposed: Organizer Jarod Seemungal, known for his online genius, turned to violence after being robbed, leading to multiple attacks on crypto holders, targeting assets believed to be worth at least $200,000.
- Severe Legal Consequences: Remy, involved in the attacks, received a 47-year sentence, reflecting the legal system's zero-tolerance approach to crypto crimes and the seriousness of these offenses.
- Insufficient Insurance Coverage: Coinbase stated that its platform insurance primarily covers server breaches rather than coercive actions, leaving users vulnerable during attacks and exacerbating investor risks.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
