In a recent midnight operation, French police rescued the father of a wealthy cryptocurrency entrepreneur who had been kidnapped for ransom in Paris. The abduction occurred on Thursday morning, and details emerged over the weekend from the prosecutor’s office. While the identities of those involved were not disclosed, it was confirmed that a ransom demand accompanied the hostage situation.
The police investigation led authorities to a residence in the Essonne region, south of Paris, where the victim was found and rescued on Saturday night. He sustained injuries during his captivity, with reports indicating that one of his fingers was severed by the kidnappers. In connection with the incident, five suspects were arrested—four near the abduction site and one who was driving a vehicle believed to have been used in the crime. The investigation will examine multiple potential charges, including kidnapping with torture.
This incident highlights a troubling trend of criminal activity targeting individuals involved in cryptocurrency management in France. Earlier in January, David Balland, a co-founder of the crypto-wallet firm Ledger, experienced a similar situation when he and his wife were abducted from their home in central France. Following a series of arrests, both were rescued by France’s specialized National Gendarmerie Intervention Group (GIGN). The rise in such criminal activities underscores the risks associated with the growing cryptocurrency sector, prompting concerns among investors and entrepreneurs alike.
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