Kidnappings turn crypto landscape upside down in France

Those with considerable wealth are more frequently targeted by criminal gangs, and this is no different in these times of cryptocurrencies.

The police in France have arrested 24 people in connection with multiple attempted kidnappings of crypto entrepreneurs and their families. This was reported by a police source on Tuesday to the news agency AFP.

On Monday and Tuesday, French police intervened and detained 24 people. The arrests are part of the investigation into the kidnapping of the father of a crypto entrepreneur on 1 May in Paris. Special units were able to free the man after 58 hours in captivity, although not without the loss of a finger. Six people have been charged in that case. According to the French press, the other arrested individuals are believed to have been involved in the failed kidnapping on 13 May of the daughter and grandson of Pierre Noizat, head of the French crypto platform Paymium. All the assailants in the Noizat family case have been apprehended. On Monday, there was another attempted kidnapping targeting a figure from the crypto sector in Nantes. Earlier this month, the French Minister of the Interior Bruno Retailleau had already promised to increase security for crypto entrepreneurs.

(FVDV - Source: ANP/AFP/BFMTV - Illustrative photo: ©Unsplash)