French Police Bust Youth-Led Ring Behind Crypto Kidnap Attempts

French investigators have dismantled a group of 25 suspects—mostly under 24 years old—linked to a string of failed kidnappings aimed at wealthy individuals in the crypto space.

Among them are six minors, all now facing charges tied to a series of coordinated attacks targeting crypto executives and their families.

The arrests follow a May 13 incident in Paris, where attackers assaulted the daughter and grandson of Paymium CEO Pierre Noizat. It was the second attempt in 24 hours, and another plot was foiled near Nantes just days later. Eighteen of those charged are currently in custody, while others remain under judicial watch or have requested court delays.

Footage from the Paris attack, widely shared online, shows masked individuals ambushing the victims. While injuries were minor, the violent intent was clear. Authorities say the suspects hail from various regions, including Paris, Senegal, Angola, and Russia. Defense lawyers described them as young people lured by fast money and caught up in a sophisticated criminal operation.

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The perpetrators appear to be low-level players in a larger scheme. High-profile crypto-related kidnappings have surged in France this year, including the abduction of Ledger co-founder David Balland and the father of a crypto millionaire. The masterminds remain unidentified.

In response, Interior Minister Bruno Retailleau has begun working with crypto firms on new protective measures, including security checks at the homes of crypto holders. Meanwhile, the insurance industry is racing to offer tailored protection products. At least three firms are developing kidnap and ransom (K&R) policies for digital asset investors.

With personal attacks on the rise, security agencies are also reporting increased demand for private protection. Infinite Risks International recently confirmed a sharp uptick in requests for bodyguards from crypto executives, reflecting the growing physical risk that now shadows digital wealth.

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.