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Crypto

Crypto Entrepreneurs In France Now Under Guard After Kidnapping Surge

Christian Encila
by Christian Encila
4 months ago
·
Posted in Crypto News
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

French authorities have announced fresh security steps for crypto entrepreneurs and their families. The move comes after a string of violent attempts to kidnap industry figures. Officials are aiming to curb what they call a worrying spike in attacks.

Related Reading: Bitcoin Bandits Busted: DOJ Charges 12 In $263 Million Cyber Heist

Government Steps Up Security

According to reports, Interior Minister Bruno Retailleau has offered priority access to police emergency lines for those in the crypto sector. Home security assessments will be made available, and safety briefings from law enforcement will guide families on best practices. Retailleau said these measures are meant to “prevent, dissuade and hinder” any further assaults.

High-Profile Attacks This Year

Based on reports, three major incidents have shaken France in just a few months. On May 13, attackers tried to snatch the daughter and grandson of Paymium CEO Pierre Noizat in broad daylight.

🇫🇷 An attempted kidnapping this week of the daughter of a #cryptocurrency platform boss in #Paris, has sparked calls to bolster security.

📈 It was the 3rd such violent incident in #France this year.

✏️ by @leelajacintohttps://t.co/IgkrWuigGU

— FRANCE 24 English (@France24_en) May 16, 2025

On May 3, Paris police freed a crypto executive’s father who had been held for several days in a €7 million kidnapping plot—about $7.8 million at today’s rates.

And back on January 21, David Balland, co‑founder of hardware wallet maker Ledger, was taken from his home and held overnight until a police raid secured his release the next day.

Total crypto market cap currently at $3.2 trillion. Chart: TradingView

Growing Toll Since 2014

Law enforcement records show more than 150 crypto‑related robberies or kidnappings since 2014. Of those, 23 cases happened in 2025 alone. That rise has alarmed both officials and industry leaders.

Many of the criminals track potential targets via social media posts, meetups and public events before making their move.

Source: Orange Stock Photo Production Inc. via Alamy Stock Photo

Advice From Experts

Bitcoin cypherpunk Jameson Lopp has warned against peer‑to‑peer trades with strangers. He advises against flaunting wealth on social channels or wearing crypto‑branded gear in public.

His tips include splitting holdings between “hot” and “cold” storage, using regulated exchanges and hiring vetted security teams for high‑risk individuals.

Related Reading: Bitcoin Meets Brazil: Fintech Becomes Latin America’s 1st Bitcoin Treasury Giant

What Comes Next

Some industry insiders expect France to form a dedicated crypto‑crime task force. Others think tougher prison terms for ransom kidnappers could act as a stronger deterrent.

Meanwhile, executives are likely to rethink how visible they are at conferences and online.

As the crypto market grows, so does its appeal to criminals. With these new measures, France hopes to stay one step ahead of those who see digital assets as a quick way to make a ransom demand.

Authorities say they will keep adjusting their approach as needed, watching the numbers and listening to families who feel exposed.

Featured image from Unsplash, chart from TradingView

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
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Christian Encila

Christian Encila

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Christian, a journalist and editor with leadership roles in Philippine and Canadian media, is fueled by his love for writing and cryptocurrency. Off-screen, he's a cook and cinephile who's constantly intrigued by the size of the universe.

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