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 accordance with reporting from Le Monde, the Might 3 raid resulted in 5 arrests. Native outlet Le Parisien additionally mentioned 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 id of the victims stay scant, seemingly for safety causes, the crypto entrepreneur and his father co-owned a crypto advertising and marketing agency based mostly in Malta, French media studies.
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 legislation enforcement officers in a rescue operation.
Sadly, this newest incident additionally follows a string of comparable ransom makes an attempt around the globe focusing on crypto customers and their family members in an try to extort funds from people perceived to carry a large quantity of wealth.
Associated: $330M Bitcoin social engineering theft sufferer is aged US citizen
Crypto kidnapping makes an attempt sadly grow to be all too frequent
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 automobile in downtown Toronto, Canada.
Six people in Chicago, Illinois had been charged in February 2025 with the kidnapping of a household and their nanny in alternate for a crypto ransom.
In accordance with an FBI report, the abductors compelled their approach contained in the Chicago residence by pretending that they had by accident broken the household’s mechanical storage door.
As soon as inside, the suspects compelled 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 sufferer of a house invasion in March 2025 when a number of armed suspects held her at gunpoint and demanded the keys to her cryptocurrency.
4 suspects had been charged in connection to the incident and arrested by legislation enforcement officers within the US state of Texas.
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