More Arrested Over Kidnap of Crypto Entrepreneur’s Father
French police have made additional arrests in the kidnapping of a crypto entrepreneur's father, whose finger was severed as part of ransom demands. The police have detained several suspects linked to the case, with the exact number of arrests on Tuesday remaining unclear. The father was held for several days, with a ransom demand of up to 7 million euros ($8 million). A police raid on May 3 freed him and led to five arrests. A key suspect was arrested in Morocco on June 4, and over 12 individuals were detained on May 26 related to high-profile crypto kidnappings in Paris. There have been at least 29 reported crypto-related attacks in 2025, with a trend of increasing incidents. A University of Cambridge study indicated that many attacks are underreported due to fears of revictimization. Experts suggest that criminals believe crypto is untraceable, and there is a lack of security awareness among users.
