US EditionFrance Detains over 20 Suspects in Crypto Kidnapping Plots
- French authorities have arrested over 20 suspects in connection with recent kidnapping plots targeting cryptocurrency figures in Paris and western France.
- These arrests follow a series of violent crimes including the May 1 abduction of a crypto-millionaire's father and an attempted kidnapping on May 13 of a crypto executive's daughter and grandson.
- The incidents reflect rising real-world violence against wealthy crypto individuals across Europe, with similar attacks reported in Estonia and Australia involving abductions, mutilations, and ransom demands reaching several million euros.
- Industry experts note that digital bearer assets are easily stolen and difficult to recover, exposing crypto executives to significant physical risks amid insufficient real-time law enforcement protection.
- In response, France's Interior Minister promises enhanced protections for crypto professionals, including emergency access and officer training, though some crypto leaders remain skeptical about the effectiveness of these measures.
26 Articles
26 Articles
Radio France Internationale
France detains over 20 suspects in crypto kidnapping plots
France has arrested more than 20 people over two recent kidnapping plots targeting crypto traders in Paris and another attempt in western France, according to reports from French news agency AFP.
Police Prevented Abduction in Bitcoin Milieu
In the vicinity of the western French Nante, the police prevented abduction in the Bitcoin milieu. More than 20 suspects were arrested. In the past weeks, there had been several kidnappings and attempts in France. On May 1st, unknown people took the father of a successful Bitcoin entrepreneur into their hands. They demanded several million euros of ransom. The police could free the man two days later. A few days later, the next act occurred: thr…
Families of Bitcoin Entrepreneurs Targeted by Kidnappers: 20...
After several cases of kidnappings in recent weeks, the French police reported 20 arrests. An imminent abduction had been prevented. In January, a company founder's finger was cut off during a kidnapping.
Kidnapping in the Cryptocurrency: a Large-Scale Criminal Police Net
INFO THE PARISIAN. As part of the investigations into the abduction and mutilation of the father of a manager of a cryptocurrency company and an attempt to kidnap in Paris, nearly ten suspects were arrested this Monday morning by the Banditry Repression Brigade.
The price of Bitcoin is going up, causing a ‘massive increase’ in the ‘frequency’ and ‘ruthlessness’ of crypto attacks : expert
Crypto kidnappings have been on the rise around the globe thanks to the increasing value of the currency and the low-risk factor for criminals, according to experts.
Sydney Morning Herald
The Age‘The wealth is digital, the violence is analog’: How the crypto rich got caught up in a new crime wave
Crypto-related kidnappings are on the rise. The incidents are co-ordinated, brutal and laser-focused on extracting digital wealth. Australians are not immune.
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