France ramps up security for crypto execs after violent kidnappings! Will this curb the crime wave? Dive into the crisis now!
France ramps up security for crypto execs after violent kidnappings! Will this curb the crime wave? Dive into the crisis now!
France’s crypto scene is under siege, with a wave of violent attacks targeting industry leaders prompting urgent action. On May 16, 2025, Interior Minister Bruno Retailleau announced enhanced security measures for cryptocurrency executives and their families, including priority police access, home security checks, and elite tactical briefings. The move follows a chilling attempted kidnapping of the daughter and grandson of Pierre Noizat, CEO of Paymium, in Paris’s 11th arrondissement on May 13. Video footage showed masked attackers wrestling with the family until a shopkeeper, wielding a fire extinguisher, thwarted the assault.
This is the third high-profile crypto-related attack in France this year. In January, Ledger co-founder David Balland was kidnapped, and on May 3, a crypto entrepreneur’s father was held for a €7 million ransom. Globally, 25 “wrench attacks” targeting crypto wealth have been reported in 2025, driven by criminals mistakenly believing crypto is untraceable.
The implications are profound. Enhanced security could stabilize France’s crypto hub, attracting investment as Bitcoin holds at $105,000. However, stricter measures might deter innovation or drive execs abroad. For beginners, this underscores crypto’s high-stakes risks—wealth attracts danger, and personal safety is as crucial as wallet security.
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NOTICE:
The information provided on trafy.io does not constitute investment advice or recommendations. All investment and trading activities involve risks, and readers are advised to conduct their own research before making decisions.
