France is witnessing an increase in kidnappings of crypto investors, raising alarm among market participants.
Kidnapping of a Former Crypto Trader
Recently, a former crypto trader was kidnapped between Paris and Saint-Germain-en-Laye and later released. The kidnappers demanded a surprisingly low ransom of only 10,000 euros for his freedom. The man was reportedly strangled until he lost consciousness and was subsequently released without the ransom being paid.
Growing Threats to Crypto Figures
France is not spared from violence affecting figures in the crypto sphere. As of January 2025, members of the crypto community, such as Ledger co-founder David Balland, have become victims of kidnappings and violence. In one case, his finger was severed before he was rescued by a GIGN operation. There have also been attempted kidnappings of other crypto sector representatives, causing fear among community members.
Security Issues in the Crypto Industry
These incidents raise concerns about the ability of law enforcement to protect crypto investors in France. Criminal networks are becoming increasingly organized, and many members of the community are worried about their safety. The Interior Minister has promised to enhance cooperation between police and crypto industry representatives.
The security situation for crypto investors in France requires attention, as criminal activities become bolder and more varied. Community members need to adopt measures to protect their assets.
