- French police charged 25 people for kidnapping plots targeting crypto executives and their families.
- The failed abductions raise concern over growing threats against crypto figures in France.
- Security firms report more requests for bodyguards as attacks on crypto investors continue to rise.
French authorities have charged 25 individuals, including six minors, in connection with several attempted kidnappings targeting crypto figures and their families. The Paris prosecutor’s office confirmed the arrests followed a failed abduction attempt on May 13. The suspects, aged between 16 and 23, now face serious charges linked to organized crime. Officials stated that most suspects are now in pre-trial detention.
Attack on Paymium CEO’s Family Sparked Investigation
The investigation began after three masked attackers attempted to kidnap the daughter and grandson of Pierre Noizat, CEO of the crypto exchange Paymium. The incident took place in Paris’ 11th arrondissement in broad daylight. The attackers assaulted the victims, who were later treated for minor injuries. Security footage from the attack spread across social media, increasing public concern.
Authorities later revealed that a similar attempt was made the day before, targeting the same individuals. Days later, police stopped another planned abduction near Nantes. These events appear linked, forming part of a wider series of coordinated attacks.
Suspects Come from Varied Backgrounds
Investigators reported that the suspects come from different regions, including Paris, Châtellerault, Senegal, Angola, and Russia. Many of them were described as young individuals drawn into the plots by financial promises. Defense lawyers said most of the suspects acted in minor or support roles, such as surveillance and coordination.
Despite the arrests, the main planners behind the operations remain unknown. Authorities continue to search for those believed to be directing the network. This delay raises concerns about future attacks and the safety of crypto professionals in France.
Broader Pattern of Attacks Across France
The attempted kidnappings form part of a rising trend in France’s crypto sector. Earlier this year, Ledger co-founder David Balland and a crypto millionaire’s father were also targeted. Investigators believe the same network may have links to all these incidents. These repeated attacks have raised alarm throughout the crypto community.
In response, Interior Minister Bruno Retailleau met with crypto industry leaders in May. Officials introduced enhanced protection measures, including home security checks and closer cooperation with police forces. These steps aim to prevent further attacks and reassure crypto professionals.
Security and Insurance Measures Expand
Meanwhile, private firms report an increase in demand for personal protection. Bodyguards and private security services are now common among crypto investors. Insurers are also developing kidnap and ransom policies tailored to digital asset holders. These moves reflect a growing need for safety in the industry.
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