French Police Rescue Kidnapped Father of Crypto Millionaire Amid Rising Abductions

Fri Jul 11 2025 06:43:01 GMT+0300 (Eastern European Summer Time)
French Police Rescue Kidnapped Father of Crypto Millionaire Amid Rising Abductions

The rescue of a man held for ransom highlights concerns surrounding the safety of individuals linked to the cryptocurrency industry in France.


Four suspects have been arrested after the father of a cryptocurrency millionaire was kidnapped in central Paris and later rescued. This incident is part of a troubling trend, marking the third abduction related to the crypto sector in France this year.



French law enforcement successfully rescued the father of a wealthy cryptocurrency entrepreneur after he was kidnapped by four assailants in central Paris. The attack occurred in broad daylight on Thursday, when the unidentified man was forcibly taken and placed into a delivery van. Authorities received reports of the incident and moved quickly, ultimately leading to the man's recovery from a location in Palaiseau, a suburb south of the capital.

Upon rescue, it was reported that the victim had already suffered severe trauma, including the loss of a finger. His kidnappers had reportedly demanded a ransom between 5 to 7 million euros (approximately £4.2 to £5.9 million) from his affluent son for his release. The investigation was aided significantly by tracking phone signals, allowing police to pinpoint the location where the man was held captive.

The recent kidnapping incident underscores a troubling pattern: this marks the third abduction linked to individuals in France's burgeoning cryptocurrency industry in just a few months. Earlier this year, David Balland, a co-founder of the cryptocurrency firm Ledger, along with his wife, fell victim to a similar crime at their home. They were fortunately rescued shortly thereafter, although not without significant injury, as Mr. Balland also had a finger severed during the ordeal. In that case, the kidnappers had sought an exorbitant ransom of 10 million euros (£8.5 million), ultimately leading to the arrest of seven suspects.

Additionally, in January, a 56-year-old man kidnapped near Le Mans was found alive after extortion attempts were made on him due to his son’s status as a cryptocurrency influencer living in Dubai.

In light of these rising incidents associated with crypto-related abductions, French Interior Minister Bruno Retailleau expressed his gratitude towards the police for their decisive action in this recent rescue, commending their "exceptional job." As the cryptocurrency sector continues to grow, concerns regarding the security of individuals involved are becoming increasingly salient, prompting discussions on how authorities might better protect those at risk.

MORE ON THEME

Thu, 10 Jul 2025 08:55:34 GMT

**Tragedy on the Mahisagar: Eyewitness Accounts from Gujarat's Bridge Collapse**

Thu, 10 Jul 2025 08:55:34 GMT
Wed, 09 Jul 2025 18:38:44 GMT

Search and Rescue Operations Underway After Houthi Attacks Sink Cargo Ships in Red Sea

Wed, 09 Jul 2025 18:38:44 GMT
Wed, 09 Jul 2025 14:10:19 GMT

National Rally Condemns Police Raids as Political Harassment

Wed, 09 Jul 2025 14:10:19 GMT
Wed, 09 Jul 2025 10:41:37 GMT

French Police Conduct Raid on National Rally Offices Amid Campaign Finance Investigation

Wed, 09 Jul 2025 10:41:37 GMT
Wed, 09 Jul 2025 06:21:08 GMT

Lead Poisoning Crisis at Tianshui Kindergarten Affects Over 200 Children

Wed, 09 Jul 2025 06:21:08 GMT
Wed, 09 Jul 2025 06:11:19 GMT

Shocking Suicide of Former Russian Minister Sparks Speculation and Fear Among Political Elite

Wed, 09 Jul 2025 06:11:19 GMT
Tue, 08 Jul 2025 22:01:05 GMT

Sudden Death of Russian Minister Raises Alarm Among Political Elite

Tue, 08 Jul 2025 22:01:05 GMT
Tue, 08 Jul 2025 12:38:46 GMT

Fatal Incident at Milan Bergamo Airport: Man Sucked into Jet Engine

Tue, 08 Jul 2025 12:38:46 GMT
Tue, 08 Jul 2025 09:43:54 GMT

Lead Poisoning Scandal in Chinese Kindergarten Affects Over 230 Children

Tue, 08 Jul 2025 09:43:54 GMT
Tue, 08 Jul 2025 01:48:45 GMT

Tragic Death of Heroic Sniffer Dog Sparks Outrage in Italy

Tue, 08 Jul 2025 01:48:45 GMT
Mon, 07 Jul 2025 19:03:03 GMT

Erin Patterson Found Guilty in Shocking Mushroom Murder Case

Mon, 07 Jul 2025 19:03:03 GMT
Mon, 07 Jul 2025 16:43:07 GMT

Tragic Death of Hero Sniffer Dog Sparks Outrage in Italy

Mon, 07 Jul 2025 16:43:07 GMT
Mon, 07 Jul 2025 10:30:28 GMT

### Erin Patterson Found Guilty in Fatal Mushroom Poisoning Case

Mon, 07 Jul 2025 10:30:28 GMT
Sat, 05 Jul 2025 21:36:56 GMT

"Swimmers Welcome New Era as River Seine Reopens After Century of Restrictions"

Sat, 05 Jul 2025 21:36:56 GMT
Sat, 05 Jul 2025 14:41:41 GMT

Swimming Returns to the Seine: A Historic Reopening for Locals

Sat, 05 Jul 2025 14:41:41 GMT
Sat, 05 Jul 2025 08:10:13 GMT

Paris Reopens Seine for Swimming After Century-Long Ban

Sat, 05 Jul 2025 08:10:13 GMT
Fri, 04 Jul 2025 12:20:41 GMT

Tensions Rise as French Police Intervene Against Migrant Crossings to the UK**

Fri, 04 Jul 2025 12:20:41 GMT
Fri, 04 Jul 2025 11:14:40 GMT

**Akon's Ambitious $6 Billion City Project in Senegal Abandoned for Realism**

Fri, 04 Jul 2025 11:14:40 GMT
Fri, 04 Jul 2025 08:18:36 GMT

Explosion at Rome Gas Station Injures Multiple First Responders

Fri, 04 Jul 2025 08:18:36 GMT
Thu, 03 Jul 2025 01:28:31 GMT

Trump Demands Resignation of Federal Reserve Chair Amid Ongoing Criticism

Thu, 03 Jul 2025 01:28:31 GMT

Follow us

© 2024 SwissX REDD UK ltd. All Rights Reserved.