*Crypto Kidnapping Incidents on the Rise*

A recent police operation in Paris, France, led to the rescue of a man held captive for ransom. The victim, the father of an unnamed crypto entrepreneur, was freed during a raid on May 3, resulting in five arrests. The kidnappers demanded between 5 million and 7 million euros ($7.9 million) for his release.

This incident is part of a troubling trend of ransom attempts targeting individuals associated with cryptocurrency, perceived to possess significant wealth. Similar incidents include the kidnapping of Ledger co-founder David Balland in France and WonderFi CEO Dean Skurka in Toronto, Canada.

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