On May 14, French Interior Minister Bruno Retailleau announced that he would hold an emergency meeting with businesses operating in the cryptocurrency sector in France. This move comes immediately after a failed kidnapping involving the relatives of a well-known crypto entrepreneur, raising concerns about a wave of crime targeting the wealthy in digital currency.
Specifically, this Tuesday in district 11 in downtown #Paris , the daughter and granddaughter of the CEO of the crypto exchange Paymium were attacked by four armed masked men. Fortunately, all three victims only sustained minor injuries and were taken to the hospital for treatment.
This is not an isolated incident. Previously in January, David Balland – co-founder of the cold wallet hardware company Ledger – and his partner were kidnapped, and he had a finger amputated to force him to transfer money. In May, a father was kidnapped to force his son – a crypto millionaire – to pay a ransom. French police have tracked down and arrested a total of over 15 suspects in these cases.
Minister Retailleau declares:
"We must act together to protect those working in the digital currency field and their families. At the same time, we will track down the perpetrators, even if they are abroad."
A meeting between the Ministry of the Interior and crypto entrepreneurs will take place next Friday, aiming to develop more effective security measures while raising awareness about the level of risk the crypto community is facing in France.
Contact with the crypto market:
These incidents highlight an increasingly clear reality: cryptocurrencies not only bring wealth but also attract the attention of criminals. The targeting of crypto entrepreneurs demonstrates the urgent need for stronger digital asset protection systems and personal security. This not only poses challenges for investors in France but also serves as a warning bell for the global crypto community, including users on platforms like Binance.
Risk Warning:
The cryptocurrency market offers many opportunities but also carries significant risks, from price volatility to personal security. Investors need to carefully consider before participating and always actively protect their information and assets. Crypto is not for everyone and is not always a "get-rich-quick scheme."