French Police Rescue Kidnapped Father of Crypto Millionaire: Reports
Summary
French authorities rescued the father of a crypto millionaire after he was abducted in Paris. The victim was taken by four masked men in broad daylight and held for ransom, with demands ranging from €5 million to €7 million in cryptocurrency. Police located him at a rental property in Essonne, arresting five suspects during the operation. The kidnappers severed one of the victim's fingers, but no ransom was paid before the rescue. The incident highlights the rise of "wrench attacks," where physical threats are used to bypass digital security in the cryptocurrency space. Security experts emphasize the need for crypto holders to adopt better awareness and preparedness to prevent such attacks.
