Bitcoin

French crypto entrepreneurs to receive extra security amid recent kidnappings: Report

Cryptographic entrepreneurs and their families in France will receive improved security measures in the context of a recent increase in crypto kidnappings in the country, Politico reported.

According to the May 16 report, measures include priority access to police emergency lines, home security assessments and French security forces safety briefings to guarantee that best practices are followed.

The Minister of the Interior of France Bruno Retailleau introduced security measures as part of a wider effort to counter the recent wave of attacks.

“These repeated kidnappings of professionals in the cryptography sector will take place with specific, immediate and short -term tools, to prevent, dissuade and hinder in order to protect industry.”

The law enforcement agents will also follow “anti-Crypto training on asset whitening”, noted Retailleau.

Retailleau has met several local managers of the cryptographic industry to discuss measures that have followed three kidnapping incidents linked to the crypto in recent months.

Two kidnappings and a failed attempt in France this year

The last incident occurred on May 13, when attackers tried to remove the daughter and grandson of Pierre Noizat, CEO of the French crypto platform Paymium. Fortunately, they managed to repel the attack, which occurred in broad daylight.

The attackers tried to force the pair in a pending van, but the daughter of Noizat managed to remove one of the weapons of an attacker and throw it, said the local police.

On May 3, the Paris police released the father of a cryptographic entrepreneur who was detained for several days in connection with an abduction plot of 7 million euros ($ 7.8 million).

In relation: Sec hacker sentenced to 14 months in prison

In January, the co-founder of the crypto equipment portfolio supplier David Balland was removed from his home in the center of France in the early hours of January 21. He was selected captive until a police operation on the night of January 22 obtained his release.

Retailleau said earlier this week that he thought that incidents were probably linked.

https://www.youtube.com/watch?v=hf08So8Tlei

There have been more than 150 flight or abduction incidents linked to crypto since 2014, with 23 of these incidents that occurred in 2025 only, according to a GitHub database maintained by Bitcoin Cypherepunk Jameson Lopp.

LOPP noted that many of these criminals generally identify future victims through publications on social networks, public conversations, meetings and conferences.

He strongly advises peer professions – especially with people in whom you do not trust – displaying wealth on social networks and wearing crypto brand clothes.

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