France Cracks Down on Crypto-Linked Kidnappings as High-Profile Attacks Rise

French police have arrested more than a dozen individuals, including minors, in connection with a string of crypto-related kidnapping cases that have shaken Paris in recent weeks.

Authorities suspect an organized network may be behind the attacks, with social media used to recruit participants.

Among the most alarming incidents was a failed attempt on May 13 to abduct the daughter and grandson of Paymium CEO Pierre Noizat in broad daylight. The dramatic scene, partially caught on video, ended with the victims resisting and bystanders intervening.

Earlier this month, a separate case involved the abduction of the father of a prominent crypto marketing executive. The kidnappers reportedly demanded a ransom of €5–7 million before the victim was rescued. Six suspects tied to that case have been taken into custody, though no arrests have yet been made in connection with the Noizat family attempt.

READ MORE:

Circle Dismisses Acquisition Rumors, Reaffirms IPO Focus

These incidents follow another case earlier this year, when Ledger co-founder David Balland was kidnapped and held for crypto ransom. He was later freed by French authorities.

In response to the growing threat, Interior Minister Bruno Retailleau has ordered heightened protection for crypto executives and their families. Industry insiders have also begun hiring private security teams to counter the escalating risks.

According to a GitHub tracker maintained by security advocate Jameson Lopp, at least six crypto ransom-related incidents have occurred in France in 2024, with half of them taking place in Paris.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.