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French police are taking a tough stand against recent kidnapping attempts aimed at cryptocurrency entrepreneurs and their families. Over 20 individuals were detained after a series of shocking incidents raised alarm about the dangers faced by those in the crypto world. Notably, the arrests were related to an attempted abduction of a crypto executive's family in Paris and another foiled kidnapping in Nantes.
In one high-profile case from May, a masked gang tried to kidnap the daughter and grandson of Pierre Noizat, co-founder of the French Bitcoin exchange Paymium. Authorities have reported that such cases are becoming more common, including an incident where the father of a cryptocurrency millionaire was kidnapped in Paris and held for ransom.
With incidents escalating, French Interior Minister Bruno Retailleau is stepping in, promising enhanced security strategies for cryptocurrency executives and their families. Following these alarming events, he convened an emergency meeting with industry leaders to ensure comprehensive measures are taken to protect those at risk. The increased scrutiny reflects a growing recognition of the threat posed to individuals within the lucrative but risky cryptocurrency landscape.
French police are taking a tough stand against recent kidnapping attempts aimed at cryptocurrency entrepreneurs and their families. Over 20 individuals were detained after a series of shocking incidents raised alarm about the dangers faced by those in the crypto world. Notably, the arrests were related to an attempted abduction of a crypto executive's family in Paris and another foiled kidnapping in Nantes.
In one high-profile case from May, a masked gang tried to kidnap the daughter and grandson of Pierre Noizat, co-founder of the French Bitcoin exchange Paymium. Authorities have reported that such cases are becoming more common, including an incident where the father of a cryptocurrency millionaire was kidnapped in Paris and held for ransom.
With incidents escalating, French Interior Minister Bruno Retailleau is stepping in, promising enhanced security strategies for cryptocurrency executives and their families. Following these alarming events, he convened an emergency meeting with industry leaders to ensure comprehensive measures are taken to protect those at risk. The increased scrutiny reflects a growing recognition of the threat posed to individuals within the lucrative but risky cryptocurrency landscape.
