el_freedomfairy
./intro

Welcome

Thanks for visiting my Bitcoin hub, a place where I share the knowledge I've built during my time in the space, along with the resources that have helped me along the way.

I've built this site around the Bitcoin niches that interest me most. Here you'll find how I founded Women in Bitcoin Sydney and what we do there, along with my research into physical attacks on cryptocurrency holders, and some interactive tools I have built to help users better understand their own risk using my own definition and coding framework drawn from research. Even if you're not much of a reader, I have something for you with my YouTube series covering Wrench Attacks, so you can listen anywhere, anytime.

Whether you're a researcher, a Bitcoiner, a sceptic or simply curious, I'm sure you'll find something of value here.

Intro

Money makes the world go round. Its how we signal our interest, our disagreements, and our values. When money is polluted by intermediaries, our ability to communicate our value heirarchies is skewed, resulting in a snowball effect whereby we are constantly having to adapt our behaviours and choices - not to any natural market - but to a market controlled by central powers who serve themselves before they serve any others.

This is a concept that breeds further nonesensical practices like that of Quanitiative Easing, coercive taxation, and a manipulation of genuine choice as it regards how we spend our money. While the rest of the world chooses to focus on which president they will next elect, I find my time is best spent on the question of "Which money is best for the prosperity of humanity?".

Time and time again, I land on Bitcoin as my answer.

Who am I? ✧

add el.jpg El

I'm El — a Bitcoin educator and criminology student, based between Australia and Austria.

When I lived fulltime in Sydney, I founded Women in Bitcoin Sydney; a non-profit community organisation focused on repackaging the message of Bitcoin to women who weren't relating to the way it was commonly being communicated in male dominated spaces. At Women in Bitcoin Sydney I teach self-custody and financial sovereignty with an Australian lens, allowing us to focus on the current issues hitting us the hardest.

Now that I am abroad, I have pivoted towards using my background as a criminology student to investigate the increasing phenomena of physical attacks against crypto holders, known colloquially as "$5 Wrench Attacks". My research looks at the darker side of the space: physical coercion, and what it means for how we protect ourselves and the people we love.

./wrench_attacks

Wrench Attacks

What is a wrench attack?

A wrench attack is the use of physical force, or the threat of it, to make someone hand over their cryptocurrency or the keys that control it.

The name comes from a well-known xkcd comic: why spend millions trying to crack someone's encryption when a $5 wrench and a threat will get you the password? The strongest digital security in the world can be bypassed by going after the person who holds the keys.

xkcd comic: Security — the $5 wrench
xkcd #538 "Security" by Randall Munroe, CC BY-NC 2.5

Why it matters

Bitcoin is designed to be held directly, without a bank in the middle. That is its strength, and it is also why physical coercion works: there is often no institution to freeze a transfer, reverse it, or slow it down.

Attacks are no longer confined to the very wealthy or the very public. Data leaks, social media and visible lifestyles can all put ordinary holders, and the people around them, on an attacker's radar.

Current responses

Most advice today falls into a few groups:

All of these approaches are integral to hardening your defences against a wrench attack, but a lot of mainstream, easily consumable media tends to focus on single catagories in their advice. I am a believer that it is a combination of all of the above that will be the most successful in reducing rates of attacks and preventing escalation, which is why my content aims to strike that intersection.

Known attacks: live tracker

A public database of known physical attacks on bitcoin holders, maintained by Jameson Lopp. Scroll and search inside the box, or open it full screen ↗.

Tool

El's Wrench Attack Coding Tool 2026 →

Every 2026 case from Lopp's database, classified with my own definition and codebook. Filter by physical harm, loss of liberty, weapons, how the attacker knew, planning, relationship, access method and more.

Sources

  1. Investigating Wrench Attacks: Physical Attacks Targeting Cryptocurrency Users by M. Ordekian and Collegues, 2024 — https://www.repository.cam.ac.uk/items/d988e10f-b751-408a-a79e-54f2518b3e70
  2. Physical Attacks to Take Crypto by Gart.io — https://gart.io/attacks
  3. Known Physical Bitcoin Attacks by J. Lopp — jlopp.github.io/physical-bitcoin-attacks
  4. Violent Crypto Wrench Attacks by Chainalysis Team, 2026 — https://www.chainalysis.com/blog/violent-crypto-wrench-attacks-2026/
./youtube_series

YouTube Series

When Bitcoin Gets Physical.

In the modern era it is becoming increasingly common for attacks on crypto holders to move beyond the digital world.

An evolving threat landscape calls for an expansion of the way we understand our own place in this ecosystem. It is important to me that we don't settle on extremely technical self-custody setups as the only suggested response to wrench attacks, so I took it on myself to read and understand the research and translate it for you.

10/10/2026

Crypto Wrench Attacks: Know Your Enemy

In this episode I investigate the types of people commiting physical attacks against crypto holders. We identify the difference between offender profiles and discuss the importance of understanding such differences in order to tailor methods to mitigate our risk of attack.

28/09/2026

The Melendez Family Case

In September 2026, five lives were lost in a home invasion in Mexico that prosecutors say was aimed at a hardware wallet. Among the victims was a domestic worker who had no involvement in the family's finances. This video looks at that case as carefully as the reporting allows, and uses it to examine proxy targets: the partners, children, parents, and household staff who sit inside a holder's physical perimeter without any say in their custody decisions.

10/09/2026

How Being Public About Bitcoin Makes You A Target

If you are open about your involvement in crypto publically, then you don't need a data leak to put you in the radar of potential attackers. Being public about your holdings has been identified by research as one of the greatest risk factors preceeding a wrench attack, this is especially aggravated if you are "flexing" your wealth too.

04/08/2026

What Makes Someone More Vulnerable to a $5 Wrench Attack?

I've identified several recurring risk factors across documented cases — from public displays of wealth and poor operational security to occupation, location and online exposure.

25/07/2026

Bitcoin's Forgotten Security Problem

Bitcoin has solved many of the technical problems surrounding money. Securing it, however, has always involved more than cryptography. In this series, I explore Bitcoin wrench attacks: the use of coercion, intimidation, kidnapping and violence to steal Bitcoin from individuals. Rather than focusing solely on wallets, multisig setups or hardware devices, I examine the human element through the lens of criminology, economics and history.

./tools

Tools built by El

Things I've built from my research. Click a tool to open it.

My Definition of a Wrench Attack

I have come to this particular definition, which may differ from others, as a way to be precise about the type of crime being committed, and to better understand what transpires: the offenders, the victims and the risks.

Any event in which a person is targeted with physical force, credible threat of physical force, real-world psychological coercion, or deception involving real-world presence — with intent to compel the transfer, disclosure, or surrender of cryptocurrency or cryptographic access credentials (private keys, seed phrases, PINs, or passwords).

A burglary where the victim is absent does NOT qualify. What is distinctive about wrench attacks is the combination: physical coercion meets direct control of cryptographic credentials, and the transfer is final and needs no institution, so the safeguards of traditional finance (withdrawal limits, reversals, fraud holds, a teller who might notice) don't apply. They are a distinctive form of robbery and extortion, not an entirely new category of crime.

The 2026 Cases

Last updated: 13 November 2026 (Dataset v2) · covers Lopp's database entries up to 31 October 2026

Each 2026 case from Lopp's database, classified against my codebook. Coding is based on Lopp's summary, the sources he links and further reporting where available. UNKNOWN means the reporting doesn't say.

Please note, not all of the wrench attacks included in Lopp's database are considered as wrench attacks per my definition. This is a limitation of the research, where different sources score attacks using vastly different metrics.

PROVISIONAL · UNDER REVIEW I have personally reviewed 11 of the 147 cases so far under the Dataset v2 codebook. The rest carry codes proposed under my coding rules and the patterns from my reviews, and are marked provisional until I review them. Reviews are limited by paywalls and incomplete reporting, so all codes are subject to change and have been assigned based on my judgement with the evidence available.

How to read the codes ▾

Confidence rating

A
Court / LEA verified — court documents, police or prosecutor statements, indictments
B
Multi-source — two or more independent credible media sources
C
Single source — one credible media report
D
Community report — unverified, internally consistent, uncorroborated

Type A — How the victim was chosen (multiple allowed)

A-OP
Opportunistic — no prior selection; the attacker found out about the crypto by chance
A-TG
Targeted — victim deliberately selected before the attack (includes lure robberies)
A-RP
Repeat victimisation — same victim attacked more than once
A-PX
Proxy — a relative or associate used as leverage to reach the holder
A-TG/PX
Targeted + proxy — holder targeted and household members held as well

Type K — How the attacker knew (one main code)

K-PUB
Public profile — social media, press, talks, publicly known in crypto
K-LEAK
Leaked or bought data — e.g. tax-platform or exchange leaks
K-INS
Insider / personal connection — friend, relative, partner, colleague or business contact
K-TRADE
Self-identified in a trade — victim made contact to buy or sell crypto
K-NONE
No prior knowledge — discovered on the spot

Type B — Level of planning

B-1
None — zero planning
B-2
Semi-planned — target identified, not thoroughly researched
B-3
Fully planned — research, surveillance, set entry method, briefed crew, equipment
B-4
Organised — B-3 plus a transnational network, division of labour, purchased or leaked data, or a remote orchestrator

Type C — Physical harm (highest level reached)

C-0
No physical harm — threats only, including weapons shown; foiled before contact
C-1
Minor force — pushed, grabbed, held down, tied up, minor bruising
C-2
Injury — serious bruising, cuts needing stitches, knocked out, taser injuries, drugging
C-3
Grievous harm — broken bones, stabbing, shooting, burns, mutilation, torture, sexual violence
C-4
Fatal — a victim was killed

Type L — Loss of liberty (highest level reached)

L-0
None — not restrained or confined
L-1
Brief restraint — under an hour, or length not reported
L-2
Held for an hour or more at the scene
L-3
Abducted — forced to move to another place

Weapon

Yes
Weapon reported, with type where known: GUN · FAKE (replica) · BLADE · STUN · BLUNT · OTHER
No
Reporting rules a weapon out
UNKNOWN
Reporting doesn't say

Type D — Relationship (offender to victim)

D-S
Stranger — no prior contact
D-P
Pseudo-stranger — posed as police, a courier, a buyer or a business contact
D-A
Acquaintance — known socially or professionally
D-I
Intimate / family — genuine partner, spouse, parent, child
D-R
Romance lure — offender built or faked a romantic or dating relationship to reach the victim
D-B
Business associate — current or former business partner, employee or provider

Type E — Access method (multiple allowed)

E-UW
Unlocked wallet — device already unlocked or wallet open
E-PW
Password / PIN coercion
E-SP
Seed phrase disclosure
E-AT
Forced transaction — victim forced to sign or approve a transfer
E-LN
Lightning Network
E-MX
Multi-sig coercion
FAILED
Crypto was sought but none was obtained (reason in brackets)

Multiple codes are allowed for A and E. The harm and liberty meters show the highest level reached. UNKNOWN means the reporting doesn't say; N/A means the field doesn't apply (for example, no crypto was sought). PROVISIONAL means the code has been proposed under my rules but not yet reviewed by me.

./map_my_risk

Map My Risk

For anyone holding cryptocurrency. Twenty quick questions about how visible you are, how quickly your crypto could be moved, and who around you could be used as leverage. At the end you get a relative exposure band, a profile, real 2026 cases that may reflect your profile, and the changes that may help you.

Private by design. Nothing you choose is seen by me. For the most privacy, download this tool and use it offline.

Built on my coding of 2026 wrench attack cases from Jameson Lopp's database, cross-checked against published research (GART Research 2026; Ordekian et al. 2024). Where sources disagree, the tool uses the more cautious figure. This is an awareness tool that gives a relative exposure score, not a prediction or a probability of being attacked.

Most reported cases come from Europe, North America and parts of Asia, so dollar amounts reflect those settings. Judge amounts against incomes where you live.

This tool should not be solely relied upon to build your security architecture. Please do your own research and consult professionals if desired.

Data last reviewed: 13 November 2026 · Dataset v2 · covers Lopp's entries from 1 January to 31 October 2026

./your_risk_map

This is a relative exposure score, not a probability: 65% does not mean a 65% chance of being attacked. Access speed counts for less than visibility because attackers usually can't see how fast you can reach your keys; it mainly shapes how long an attack lasts and how much is lost.

You are

you nowwith changes

Three changes that may lower your exposure

    What if…

    Switch on a change and watch your map shrink.

    Real 2026 cases that may reflect your profile

    Data last reviewed: 13 November 2026 · Dataset v2 · covers Lopp's entries from 1 January to 31 October 2026

    Map My Risk is an educational awareness tool for cryptocurrency holders, based on publicly reported cases, which under-represent unreported attacks and come mostly from Western countries. It is not a prediction, a security audit or professional advice. If you believe you are in danger, contact local police.

    Map My Risk — paper checklist

    Circle one answer per question. Add the points (in brackets) for each area, then use the table at the end.

    Scoring

    El the Freedom Fairy · Map My Risk · awareness tool, not a prediction.

    ./wibs

    Women in Bitcoin Sydney

    About

    This group is a womens-only Bitcoin meetup in Sydney, designed for absolute beginners who want to understand Bitcoin in a friendly, supportive space. It focuses on Bitcoin as a tool for financial empowerment, independence, and security, drawing on both practical knowledge and real-world examples.

    Follow @WomenInBTCSyd on X ↗ Join on Meetup ↗
    74official members
    ★ 5.010 ratings
    📍Sydney, Australia

    Previous Meets

    Sun 7 Jun 2026 · Spicy Bean Café, Castle Hill

    Sydney Bitcoiner Ladies Lunch

    A casual catch-up over lunch to discuss life, Bitcoin, and wherever else the conversation takes us…

    Read more on Meetup ↗
    Sun 24 May 2026 · Ampersand Cafe & Bookstore, Paddington

    Bitcoin Meets Wall Street

    What are Michael Saylor and Strategy doing with Bitcoin? Corporate treasuries, STRK, leverage and the growing financialisation of BTC…

    Read more on Meetup ↗
    Sun 12 Apr 2026 · Ampersand Cafe & Bookstore, Paddington

    Privacy and Security in Bitcoin

    This session focuses on how identity interacts with Bitcoin, and what that means in practice. We'll start with pseudoanonymity…

    Read more on Meetup ↗
    Sun 15 Mar 2026 · Ampersand Cafe & Bookstore, Paddington

    Bitcoin in Times of Crisis

    What actually happens to money, markets, and personal freedom when the world becomes unstable…

    Read more on Meetup ↗
    Thu 5 Mar 2026 · Online

    WiBS x Women of Bitcoin Summit

    Women in Bitcoin Sydney joined the global Women of Bitcoin Summit to discuss how the next generation is carrying Bitcoin forward…

    Read more on Meetup ↗
    Sun 1 Mar 2026 · Wyong Milk Factory Tavern, Wyong

    WiBS x Central Coast Bitcoin

    Women in Bitcoin Sydney presents at the Central Coast Bitcoin meetup, sharing what we're doing and what we've learnt…

    Read more on Meetup ↗
    Sun 8 Feb 2026 · Ampersand Cafe & Bookstore, Paddington

    Bitcoin and Freedom

    Our first meet of 2026: discovering how Bitcoin complements political freedom and self-reliance…

    Read more on Meetup ↗
    Sun 7 Dec 2025 · Ampersand Cafe & Bookstore, Paddington

    Bitcoin Catch-Up: Open Discussion Session

    An open discussion about current events, plus my talk on how younger generations can use Bitcoin as a way out of inflation…

    Read more on Meetup ↗
    Sun 26 Oct 2025 · Ampersand Cafe & Bookstore, Paddington

    Back to the Basics – Beginners Welcome

    Going back to the basics: what Bitcoin is and why it's important. Newbies and the simply curious are highly encouraged…

    Read more on Meetup ↗
    Sun 28 Sep 2025 · Ampersand Cafe & Bookstore, Paddington

    The Bitcoin Basics – Lightning & Trivia

    Refreshing the basics, making small payments on the Lightning Network, then a game of Bitcoin Trivia…

    Read more on Meetup ↗
    Sun 14 Sep 2025 · Ampersand Cafe & Bookstore, Paddington

    The Bitcoin Basics

    After the success of our first meetup: getting to understand what Bitcoin is and why it's important…

    Read more on Meetup ↗
    Sun 31 Aug 2025 · Ampersand Cafe & Bookstore, Paddington

    The Bitcoin Basics – First Meetup!

    Welcome curious women of Sydney! Our very first meetup, with seats limited to ten…

    Read more on Meetup ↗
    ./contact

    Contact

    Speaking, collaborations, interviews, or just a hello — reach out.