Cryptocurrency tycoons become kidnapping targets! Another "finger-cutting extortion" case in France

A kidnapping tragedy caused by cryptocurrency wealth recently took place in Paris. A father was kidnapped and his millionaire son was forced to pay a huge ransom. This is as thrilling as a movie plot!

Last weekend, French police rescued a man who was kidnapped in Paris. The victim was kidnapped in the 14th arrondissement of Paris on Thursday, May 2, and his son was a millionaire. The two ran a cryptocurrency marketing company in Malta.

The kidnappers' goal was clear, that is, to blackmail the son's cryptocurrency wealth by kidnapping the father. The police said that the ransom demanded by the kidnappers was between 5 million and 7 million euros, which is not a small amount.

Even more cruel is that the kidnappers cut off one of the father's fingers in order to exert pressure. Fortunately, the police intervened in time to avoid further harm. French Interior Minister Bruno Retailleau praised the police's decisive action at X.

This is not the first time the French cryptocurrency community has encountered such a kidnapping. In January this year, David Balland, co-founder of cryptocurrency company Ledger, was also kidnapped in Paris. The kidnappers also cut off one of his fingers and demanded a ransom.

Taken together, these incidents show that as cryptocurrency wealth becomes more popular, wealthy cryptocurrency investors in France and their families are becoming targets of kidnapping.

Currently, the police are investigating whether this case is related to previous threats, and the victim's family has received threats before. At present, the five suspects may face charges of serious crimes such as kidnapping, extortion, torture and armed extortion, and the investigation is still ongoing.

This incident also reminds us that while the anonymity and decentralization of cryptocurrency provide convenience for investors, it also provides opportunities for criminals. Therefore, while pursuing wealth, whether individuals or businesses, we cannot ignore security issues.

As cryptocurrency becomes more popular, how can we balance wealth opportunities with security risks? What measures should governments and investors take to deal with this new criminal trend? Leave a message in the comment section to discuss!

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