French police conducted a successful operation to rescue a kidnapped father of a crypto millionaire, who was reportedly threatened with ransom demands.
Course of the Operation and Arrests
According to prosecutors, the police freed the kidnapped man during a raid in the suburbs of Paris on Saturday, arresting five individuals in the process. Initially, four had been reported arrested, but the number increased after the discovery of a fifth suspect, who was driving the vehicle used by the criminals.
Ransom Demand and Threats
The kidnappers demanded a ransom between five and seven million euros. Sources reported that they had already chopped off one of the victim's fingers, threatening further mutilations if police had not intervened.
Investigation and Rise in Kidnappings Related to Crypto
French police have opened an investigation into the kidnapping and charged the criminals with kidnapping, false imprisonment, and extortion. There has been a noted trend in increasing kidnappings involving ransom in cryptocurrency, raising serious concerns among authorities.
The police continue their investigation and are seeking ways to prevent such incidents in the future, indicating a growing threat from criminal activities targeting wealthy digital asset owners.
