France Arrests Five over Cryptocurrency Kidnapping
- On June 21, French officials detained five individuals suspected of abducting the parent of a social media influencer and cryptocurrency entrepreneur near Saint-Genis-Pouilly.
- On December 31, five armed individuals attacked a 56-year-old man, physically assaulted him, poured petrol on him, and later moved him in the trunk of a vehicle; this incident is among several recent crimes targeting families involved in cryptocurrency in France.
- Investigators formed seven teams using intelligence inputs to track suspects, while authorities said the victim’s son lives in Dubai and attackers demanded ransom before abducting the father.
- Prosecutor Karine Malara stated the charges include kidnapping, armed robbery, and aggravated assault, and no link has been established with other kidnapping cases this week.
- The arrests respond to pressure amid multiple kidnappings and attempts against cryptocurrency entrepreneurs and their families, highlighting a continuing security concern in the region.
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On 31 December 2024, the parents of a famous influencer had been taken to their homes. Four adults between the ages of 18 and 22, and a 17-year-old minor were imprisoned.
France arrests five in kidnapping of cryptocurrency entrepreneur's father
French authorities have arrested five people, including one minor, on charges of kidnapping the father of a cryptocurrency entrepreneur, prosecutors said Saturday. In recent months France has seen several kidnappings and attempted abductions targeting cryptocurrency businesspeople and their families, and authorities have been under huge pressure to act.

France arrests five over cryptocurrency kidnapping
LYON: French authorities have arrested five people on charges of kidnapping the father of an influencer and cryptocurrency entrepreneur, prosecutors said on Saturday (Jun 21). In recent months, France has seen several kidnappings and attempted abductions targeting cryptocurrency businesspeople and their fa
On 31 December, a man and his wife, the parents of a known influencer, were threatened and the father was kidnapped for ransom.
A couple, whose son is known to be an influencer "known to the general public", had been sequestered against a ransom in Saint-Genis-Pouilly on 31 December 2024.
The influencer's father was found healthy, except after being forcibly transported for nearly 700 km, according to the Bourg-en-Bresse Public Prosecutor's Office.
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