The Spain kidnapping case really hit me hard. A man trying to escape to protect his assets ultimately lost his life in the woods. This is nothing new; it's just that this time, the death made the news more widespread.

Looking back to 2013, I saw the first batch of Bitcoin millionaires in a state of panic—they were still worried about account security. Back then, threats mainly came from exchange hackers and software vulnerabilities. Now? The threats have moved from the virtual world into reality, with criminals armed with guns and knives heading straight to your doorstep.

The year 2024 is quite telling—Canada, France, the United States, Paris... multiple regions worldwide are experiencing a surge in violent attacks against holders. What does this indicate? First, the value of crypto assets is indeed rising. Second, professional criminal gangs have formed, collaborating across borders with organized and premeditated plans. The five local arrests in Spain plus the four indictments in Denmark are clear evidence.

Having been in this space for so many years, I've experienced the 2015 crash, the 2018 winter, and the 2021 frenzy. Each cycle has taught me the same lesson: wealth is a double-edged sword. In the early days, we only had to watch out for exchanges; now, we have to defend against real guns and knives.

The most ironic part is that criminals forcing victims to provide wallet passwords or biometric access have completely rewritten the concept of "security." How useful is a cold wallet if a knife is at your throat? All private keys become plaintext.

This is not alarmist talk. It’s the new normal in cycles—whenever asset prices rise, the forms of risk evolve. I’ve seen too many people become complacent about security.