On May 26, French media reported that authorities had arrested more than 12 suspects, including minors, in connection with two recent kidnappings with crypto elements that occurred in Paris. The charges include: kidnapping, conspiracy to kidnap, and collusion.
One of the incidents occurred on May 13, when three individuals attempted to kidnap the daughter and grandson of Pierre Noizat, CEO and co-founder of the cryptocurrency exchange Paymium, right in broad daylight in Paris. The incident failed thanks to the victims' fierce resistance and the intervention of passersby.
Not long before that, the father of an entrepreneur in the crypto marketing field was also kidnapped and ransom was demanded between 5 to 7 million euros. Six suspects in this case have been arrested, including those who directly carried out the kidnapping.
Moreover, the co-founder of Ledger hardware wallet – David Balland – was also kidnapped earlier this year and was rescued by the French police after a few days.
French authorities currently suspect that a criminal organization is behind this series of kidnappings, using social media to recruit. In light of this situation, the French Ministry of the Interior has increased protection for entrepreneurs in the crypto industry and their families.
Crypto connection: The consecutive incidents highlight the increasing danger to prominent figures in the crypto industry, especially in major urban areas like Paris. Personal security has become a pressing issue as digital asset information is easily traceable and targeted.
Risk warning: Investing and operating in the crypto field not only faces market risks but also includes personal security risks. Investors should remain vigilant and secure their personal information in all circumstances.