The incident highlights increasing risks linked to France's cryptocurrency industry amid multiple abductions this year.
**Crypto Millionaire's Father Rescued from Kidnappers in Paris**
**Crypto Millionaire's Father Rescued from Kidnappers in Paris**
French police successfully rescue a kidnapped parent connected to the cryptocurrency sector.
In a swift operation, French law enforcement rescued the father of a cryptocurrency millionaire who had been abducted for ransom in a Paris suburb. The incident unfolded on Thursday when the victim, aged in his 50s, was forcibly taken in broad daylight by four masked men in central Paris and loaded into a delivery van. According to police reports from Le Figaro, the victim was discovered on Saturday in a house located in Palaiseau, south of Paris, where he was found with one finger missing.
Authorities arrested all four suspects involved in the kidnapping, marking the third such incident related to the cryptocurrency sector in France this year. Reports indicate that the kidnappers had demanded a ransom of between 5 to 7 million euros (approximately £4.2 to 5.9 million) from the wealthy son of the victim. The police's successful rescue operation was reportedly aided by tracking the suspects' phone signals. The suspects are currently undergoing questioning.
French Interior Minister Bruno Retailleau praised the police's efforts, describing their work as an "exceptional job" in bringing the victim back to safety. This incident follows a series of high-profile abductions within the cryptocurrency community in France. Notably, in June, David Balland, the co-founder of the cryptocurrency firm Ledger, was kidnapped along with his wife. They were rescued shortly afterward, but unfortunately, Balland also suffered the loss of a finger during his ordeal.
Earlier in January, another incident involved a 56-year-old man, abducted and found alive in the trunk of a car near Le Mans, with attempts made by his kidnappers to extort money from his son, a cryptocurrency influencer based in Dubai. As the trend of targeted kidnappings continues, the cryptocurrency sector in France faces increasing scrutiny and concern for safety.
Authorities arrested all four suspects involved in the kidnapping, marking the third such incident related to the cryptocurrency sector in France this year. Reports indicate that the kidnappers had demanded a ransom of between 5 to 7 million euros (approximately £4.2 to 5.9 million) from the wealthy son of the victim. The police's successful rescue operation was reportedly aided by tracking the suspects' phone signals. The suspects are currently undergoing questioning.
French Interior Minister Bruno Retailleau praised the police's efforts, describing their work as an "exceptional job" in bringing the victim back to safety. This incident follows a series of high-profile abductions within the cryptocurrency community in France. Notably, in June, David Balland, the co-founder of the cryptocurrency firm Ledger, was kidnapped along with his wife. They were rescued shortly afterward, but unfortunately, Balland also suffered the loss of a finger during his ordeal.
Earlier in January, another incident involved a 56-year-old man, abducted and found alive in the trunk of a car near Le Mans, with attempts made by his kidnappers to extort money from his son, a cryptocurrency influencer based in Dubai. As the trend of targeted kidnappings continues, the cryptocurrency sector in France faces increasing scrutiny and concern for safety.
