French Crypto Entrepreneurs to Receive Enhanced Security Amid Kidnappings Surge: Report – Politico

Crypto entrepreneurs and their families in France are set to receive additional security measures amidst a recent surge in crypto-related kidnappings in the country, as per a report by Politico. The measures, which include priority access to police emergency lines, home security assessments, and safety briefings by French law enforcement, aim to ensure that best security practices are being followed. France’s Interior Minister Bruno Retailleau introduced these security measures as part of a broader effort to combat the recent wave of attacks targeting crypto professionals. Retailleau emphasized the need for specific tools to prevent, deter, and obstruct these kidnappings to protect the industry. The recent incidents include an attempted abduction of the daughter and grandson of Pierre Noizat, CEO of the French crypto platform Paymium, on May 13, which they managed to fend off. Another incident involved the father of a crypto entrepreneur who was freed by Paris police in connection with a kidnapping plot. In January, the co-founder of Ledger, David Balland, was abducted from his home in central France and held captive until a police operation secured his release. Retailleau believes these incidents are likely connected. According to a GitHub database maintained by Bitcoin cypherpunk Jameson Lopp, there have been over 150 crypto-related robbery or kidnapping incidents since 2014, with 23 occurring in 2025 alone. Lopp cautioned against peer-to-peer trades, flaunting wealth on social media, and wearing crypto-branded clothing, as these actions could make individuals potential targets for criminals. It is essential for individuals in the crypto industry to exercise caution and prioritize their safety in light of these security threats.

In Trend

Bitcoin Bull Flag Signals Potential Rally to New Highs Amid Profit Taking, $90K Pullback Expected: Analysts

Tokenization Revolutionizing Investing: Robinhood Executive Discusses Financial Inclusion and Access to Asset Classes

Leave a Reply

Your email address will not be published. Required fields are marked *