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Kidnapping of Crypto Investor in Paris: Incidents on the Rise

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by Giorgi Kostiuk

5 hours ago


Last week, a 23-year-old man was abducted in a Paris suburb, highlighting a growing trend of attacks on cryptocurrency holders. This incident raises significant questions regarding safety within the crypto community.

Details of the Abduction

According to *Le Parisien*, the man was taken while running errands in Maisons-Alfort on Tuesday. His abductors held him for several hours and forced him to call his partner to instruct her to deliver €5,000 in cash and a Ledger hardware wallet containing an undisclosed amount of crypto.

Rise in Attacks on Crypto Investors

Data indicates that this incident is the tenth recorded attack on crypto investors in France this year and the 32nd globally. Known as "wrench attacks," these incidents have become more common, particularly in light of rising cryptocurrency prices. They primarily target individuals holding significant digital assets.

Authorities' Response

Interior Minister Bruno Retailleau stated in May that he would meet with local crypto leaders to discuss security concerns. The surge in attacks is causing serious worries within the French crypto community, highlighting the need for enhanced safety measures for holders of digital assets.

The abduction in Paris marks a troubling trend of increasing attacks on cryptocurrency holders. Safety remains a crucial topic of discussion in the growing crypto industry, and preventing such crimes is becoming increasingly important.

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