🔐Increase in the number of kidnappings of crypto investors in France

The French police are investigating a series of violent kidnappings targeting cryptocurrency millionaires. Recently, a 60-year-old co-founder of a cryptocurrency firm was released after being kidnapped in Paris. This event highlights the growing security threat to individuals associated with the crypto industry. In France (especially in Paris), there are many *Web3 entrepreneurs*, NFT artists, and DeFi investors living and working. After the sharp rise of the crypto market from 2020 to 2024, many became millionaires while maintaining a low profile and minimal security. Cryptocurrencies can be easily transferred from a phone or laptop. Criminals do not need to take a safe or cash; it is enough to force the victim to enter a password or seed phrase. This makes crypto investors particularly vulnerable to physical violence or threats.

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