The daddy of an unnamed crypto entrepreneur was freed by police in Paris, France, throughout a legislation enforcement raid of the property the place the person was held captive for ransom over a number of days.
In response to reporting from Le Monde, the Could 3 raid resulted in 5 arrests. Native outlet Le Parisien additionally said the abductors demanded between 5 million and seven million euros, or as much as $7.9 million, to launch the captive man.
Though the small print on the identification of the victims stay scant, possible for safety causes, the crypto entrepreneur and his father co-owned a crypto advertising and marketing agency primarily based in Malta, French media reviews.
This incident options similarities to the kidnapping of Ledger co-founder David Balland in France in January 2025. Balland was additionally held for a crypto ransom till he was freed by law enforcement officers in a rescue operation.
Sadly, this newest incident additionally follows a string of comparable ransom makes an attempt around the globe concentrating on crypto customers and their family members in an try and extort funds from people perceived to carry a large quantity of wealth.
Associated: $330M Bitcoin social engineering theft victim is elderly US citizen
Crypto kidnapping makes an attempt sadly turn out to be all too widespread
In November 2024, WonderFi CEO Dean Skurka was kidnapped and compelled to pay a $1 million cryptocurrency ransom to the assailants, who kidnapped him utilizing a car in downtown Toronto, Canada.
Six people in Chicago, Illinois have been charged in February 2025 with the kidnapping of a family and their nanny in alternate for a crypto ransom.
In response to an FBI report, the abductors pressured their means contained in the Chicago house by pretending that they had by chance broken the household’s mechanical storage door.
As soon as inside, the suspects pressured the household right into a van and kidnapped the household for 5 days earlier than forcing them to give up $15 million value of cryptocurrencies to safe their launch.
On-line streamer Amouranth was the victim of a home invasion in March 2025 when a number of armed suspects held her at gunpoint and demanded the keys to her cryptocurrency.
Four suspects were charged in connection to the incident and arrested by legislation enforcement officers within the US state of Texas.
Journal: Bitcoiner sex trap extortion? BTS firm’s blockchain disaster: Asia Express
