The recent arrest of Badis Mohammed in Morocco is part of a larger investigation related to the kidnapping of crypto executives in France.
Arrest of Badis Mohammed
The Moroccan General Directorate for National Security arrested Badis Mohammed Amide Bajjou in the northern city of Tangier. Police reportedly seized bladed weapons, multiple phones, and cash believed to be proceeds of criminal activities. The French Justice Minister thanked Morocco for its cooperation in combating organized crime.
Series of Kidnappings in France
French authorities have faced a wave of kidnappings targeting crypto owners and their families. Last week, authorities charged 25 individuals, including six minors, in connection with several kidnappings. One notable incident involved an attempted kidnapping of the daughter and grandson of Paymium CEO Pierre Noizat, where masked assailants attacked during the day in Paris but were thwarted.
Security Measures by French Authorities
French Interior Minister Bruno Retailleau held a meeting with cryptocurrency stakeholders to discuss possible security measures. It was decided to enhance collaborations with internal security forces. Reports also mention a suspected accomplice in the abductions who is believed to be recruiting young individuals for criminal acts.
The situation regarding kidnappings in the cryptocurrency sector in France continues to raise significant concerns, prompting authorities to take urgent measures to protect market participants.
