Police Foil $8M Crypto Kidnapping in France
Key Highlights:
French authorities rescue kidnapped man tied to a Malta-based crypto marketing firm.
Five suspects arrested, ransom demands reached $8 million.
Incident echoes the Ledger co-founder abduction earlier this year.
In a shocking incident out of Paris, French law enforcement successfully intercepted a multi-million dollar crypto kidnapping plot, rescuing a man allegedly held for days while criminals demanded millions in crypto as ransom.
> According to French media, the victim — involved in a Malta-based crypto marketing company — was targeted alongside his son. Authorities are withholding names for security reasons.
This follows the attempted abduction of Ledger co-founder David Balland, underscoring a growing trend: criminal networks targeting high-profile figures in the crypto space.
As the digital asset industry expands, personal security risks for founders, executives, and influencers are rising. Experts urge crypto professionals to remain vigilant, especially in jurisdictions lacking robust cybercrime enforcement.
Safety Reminder:
Protect your keys. Stay private. Never disclose holdings or wallet access. If you're in crypto, you are the target.
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