diff --git a/src/game/shared/hl2mp/weapon_physcannon.cpp b/src/game/shared/hl2mp/weapon_physcannon.cpp
index 26fdfefdb1..638bf2f07c 100644
--- a/src/game/shared/hl2mp/weapon_physcannon.cpp
+++ b/src/game/shared/hl2mp/weapon_physcannon.cpp
@@ -798,6 +798,13 @@ void CPlayerPickupController::Use( CBaseEntity *pActivator, CBaseEntity *pCaller
 			return;
 		}
 
+		// Stop holding when object doesn't exist anymore
+		if (!pPhys)
+		{
+			Shutdown();
+			return;
+		}
+
 #if STRESS_TEST
 		vphysics_objectstress_t stress;
 		CalculateObjectStress( pPhys, pAttached, &stress );