France is witnessing a troubling rise in crypto-linked kidnappings, with the latest attempt involving the family of Pierre Noizat.
France Faces Surge in Crypto-Linked Kidnappings
France has seen a concerning increase in crypto-linked kidnappings, including a recent attempt on a high-profile family. In response to these threats, authorities are enhancing security measures for key crypto figures such as Pierre Noizat from Paymium, who has been targeted by these attacks.
Security Overhaul for Crypto Holder Safety
The rise in incidents is prompting a shift in security protocols among crypto holders. The French government is allocating resources for protection and crackdown efforts. This has financial implications, including higher security budgets for firms and potential increases in operational costs. The crypto community is under pressure to adopt advanced security solutions. "Criminal organizations may still believe crypto is untraceable," said Jonathan Levin, CEO of Chainalysis.
Ledger Co-founder Abduction Highlights Risks
Similar incidents, like the abduction of a Ledger co-founder earlier in 2025, reflect an ongoing trend. Such attacks underscore vulnerabilities in the perceived security of digital holdings. Experts predict that without improved awareness and adaptive security measures, this trend may continue. Historical data shows a need for stronger coordination to safeguard digital asset owners. "There is a noticeable lack of security awareness among crypto users … the exchange’s security team had noticed a lack of ‘basic situational awareness’ and security measures among crypto conference attendees,” said Nick Percoco, Chief Security Officer, Kraken.
Given the increasing number of attacks on figures in the crypto industry in France, the reassessment and enhancement of security measures become essential to protect digital asset holders and prevent further incidents.
