France Charges 25 Over Crypto Kidnapping Spree in Paris
French authorities have charged 25 individuals, including six minors, in connection with kidnappings and attempted abductions linked to the cryptocurrency sector. The suspects, aged 16 to 23, are involved in multiple plots targeting prominent crypto figures and their families. Eighteen suspects are in pre-trial detention, while others await hearings or remain under supervision. The investigation began after a failed abduction attempt on May 13 involving Pierre Noizat's family, CEO of Paymium. This incident followed similar attempts and has been part of a broader rise in crypto-related kidnappings in France. The suspects come from diverse backgrounds, and many are described as young individuals lured by financial incentives. The situation has prompted national attention, leading to discussions between France's Interior Minister and crypto industry professionals about protective measures. Insurers are developing tailored kidnap and ransom policies for crypto investors, and demand for personal security services among high-profile figures in the sector is increasing.
