France 24, a news outlet, reported, citing sources close to the course, that the police officials in France have arrested several other suspects involved in the high-profile kidnapping case of the father of a rich crypto entrepreneur.
The authorities of France have been heavily involved in the high-profile kidnapping and extortion cases targeting wealthy families dealing in crypto.
It is worth noting that the recently apprehended suspects are believed to be the ones who were part of an attempt to extort funds from a wealthy man by kidnapping his father.
Over the past few months, cases concerning crypto kidnapping have reached a new high, and especially in France, these crimes have grown to a new high.
Growing cases of kidnapping in the crypto market have raised concerns over the safety and security of the families and individuals who primarily generate their income from crypto.
In this case, it has been noted that the father of an unnamed crypto entrepreneur was held captive at a property for a couple of days, and the kidnapper demanded 7 million euros in ransom.
However, a man accused of ties with a series of crypto kidnappings was arrested in Morocco on June 04, 2025, and the police have also detained 12 others on May 26 after investigating their roots with the high-profile kidnapping cases.
Why Crypto Kidnappings Are Rising — And Why They Must Stop
With Bitcoin recently crossing $ 110,000, the surge in cryptocurrency prices has made crypto holders a lucrative target. The potential for high financial rewards drives criminals to target individuals with significant digital assets.
Experts argue that these kidnappers prefer crypto in ransom over traditional currency as tracking digital assets is quite impossible, which helps them protect their identity.
As the crypto sector is strengthening its on-chain security, these criminals have now started to shift towards physical crime involving killing for crypto and kidnapping.
Some reports indicate that criminals identify their targets using social media, as it is one of the most widely used platforms by the crypto community to reach a broader audience.
Targets increasingly focus on crypto CEOs, influencers, and their families because of their apparent wealth or prominent connections to the sector. High-profile incidents that demonstrate this trend include the kidnapping of the CEO’s family at Paymium or the co-founder of Ledger.
Numerous countries, including the United States, France, Canada, and Australia, have reported kidnappings; some of them have suggested links to organized crime.
Crypto market price updates
When writing, the crypto market cap was at $3.4 trillion with a loss of 1.44%, and the trading volume was $134.79 billion, and the crypto fear and greed index was at 61, still in greed.
Bitcoin is down by 1.56%, reaching $107,893, and market capitalization is $2.14 trillion with a loss of 1.45%, and trading volume is 1.53% with a slight growth of 1.03%.
