The increase in kidnappings against entrepreneurs and investors in the crypto sector raises suspicions among French authorities that they are not isolated cases. In this sense, some local media cited by CoinTelegraph report that the possible involvement of a criminal organization behind these cases is plausible.
According to reports, the police in the European country have arrested 12 individuals allegedly involved in two recent cases in that country. Among those arrested are several minors, who are charged with kidnapping, criminal conspiracy, and others, according to reports from Le Parisien.
The media notes that authorities have suspicions about a possible criminal organization behind these cases. The masterminds are said to have hired criminals through social media to carry out the operation of targeting crypto entrepreneurs. Thus, individuals knowledgeable about the environment would have taken on the task of researching and identifying potential victims of the attack.
Meanwhile, the executors are said to have been hired by the criminals. These cases have generated concern and forced authorities to tighten security measures to protect individuals related to the world of cryptocurrencies. The risk of kidnapping for those involved in the crypto world and who have public success increases significantly.
Crypto kidnappings are not an exclusive phenomenon in France
Although it is not ruled out that a criminal organization is behind the kidnapping cases in France, this is an international phenomenon. As the crypto world becomes more popular, successful cases attract the attention of criminals. Reports of kidnappings and other crimes against cryptocurrency investors have been emerging in various parts of the world for years.
This pattern could increase as cryptocurrencies become commonplace in the lives of millions of people. Experts are calling on people in this environment to enhance security measures to avoid becoming victims.
This includes doing everything possible to remain unnoticed, which decreases the chances of attracting the attention of criminals. Even low-investment enthusiasts could be confused and considered wealthy by criminals.
The likelihood that French authorities dismantle an organized gang dedicated to attacking crypto investors cannot be considered a relief. As mentioned earlier, the cases in France are likely not isolated but rather part of a trend where criminals want to profit from kidnappings of the wealth generated in the crypto world.
The crypto industry is one of the fastest-growing in the world. Thus, it could be said that it is almost normal for this growth to be accompanied by predators. Fortunately, in the crypto world, it is much easier to go unnoticed, and only simple security steps need to be taken, especially on social media.
