The recent kidnapping of a cryptocurrency millionaire's father has drawn public and official attention in France.
Details of the Kidnapping
In the heart of Paris, the father of a crypto millionaire was abducted by a group of four masked individuals. The assailants forcibly pushed him into a delivery van. The attack occurred during the day, highlighting the audacity of the criminals.
Rescue and Consequences
The French police rescued the abducted victim on Saturday from a house in Palaiseau, south of Paris. He was found with a missing finger, and the kidnappers had demanded a ransom of 5 to 7 million euros (approximately $5.35–7.49 million). The police tracked him down using phone signals and arrested four suspects, who are currently being questioned.
Trends in Kidnappings in the Crypto Industry
This incident marks the third kidnapping linked to the crypto industry in France this year, raising concerns about targeted attacks on families associated with cryptocurrencies. French Interior Minister Bruno Retailleau praised the exceptional work of the investigators. Notable cases include the prior kidnapping of David Balland, co-founder of Ledger, and his wife a few months ago, as well as an incident in January where a 56-year-old man was found alive after his abductors tried to extort his son, a Dubai-based crypto influencer.
These kidnapping incidents underline the growing danger faced by crypto millionaires and the urgent need for police efforts to prevent such occurrences.
