A person posing as a supply driver allegedly tried to extort a crypto investor at gunpoint in a suburb of Montpellier, in what native media describe as the primary reported crypto-motivated residence invasion in France’s Hérault area.
Based on French outlet Actu.fr, the suspect gained entry to the household residence in Saint-Jean-de-Védas on April 11, pulled out a handgun and compelled the mother and father and their kids right into a room earlier than the daddy overpowered him throughout a battle through which a shot was fired.
Nobody was injured, and investigators from the Montpellier analysis part of the Gendarmerie later recognized and arrested a 25-year-old suspect, who has since been charged and remanded in custody whereas police study whether or not he acted alone.
The case comes amid a surge in so-called “wrench assaults,” through which criminals use threats or violence to drive crypto holders handy over funds or seed phrases, bypassing digital safeguards. France has emerged as one of many international locations worst hit by these assaults, with no less than 41 crypto-linked kidnappings and residential invasions up to now this yr.
France emerges as wrench assault epicenter
France’s wrench assault incidents quantity to roughly one each 2.5 days, after such assaults jumped 75% in 2025 to 72 world circumstances in a single yr and tens of millions of {dollars} in confirmed losses, with France recording the very best quantity for a single nation.
Associated: Crypto execs ramp up security as wrench attacks increase
French tech outlet Technology-NT reported on Tuesday that, past victims’ social media footprints, police and cybersecurity specialists more and more suspect some gangs are compiling goal lists from leaked buyer knowledge, giving them data on who holds vital crypto and the place they dwell.
These issues have been sharpened by latest leaks at crypto firms. In January, {hardware} pockets producer Ledger said a breach at its payment partner Global‑e had uncovered names, contact particulars and order data for some {hardware} pockets patrons, successfully creating a brand new, high-quality listing of confirmed crypto customers tied to bodily addresses.
Kidnappings span faux raids and ransom plots
Current French circumstances have ranged from faux police raids to ransom kidnappings. In February, police arrested six suspects over the kidnapping of a Justice of the Peace and her mom in a plot to extort crypto from the Justice of the Peace’s accomplice, a digital asset entrepreneur. One other investigation in March detailed assailants posing as officers who pressured a French couple to switch near $1 million in Bitcoin (BTC) below risk of violence.
French officers say crypto crime is shifting from code-based exploits to bodily coercion. At Paris Blockchain Week, French minister Jean-Didier Berger stated the federal government had launched a prevention platform for crypto holders and was working with the Inside Ministry on wider measures in response to the wave of kidnappings and residential invasions tied to digital belongings.
Journal: Bitcoin will not hit $1M by 2030, says veteran trader Peter Brandt
