Crypto-Related Crime Wave Escalates in France
French police have made more arrests in the high-profile case involving the kidnapping of a crypto entrepreneur’s father, signaling a broader crackdown on an alarming rise in crypto-related crimes across the country.
The victim was held captive for several days and had a finger severed as part of the ransom demands, with kidnappers asking for up to €7 million ($8 million).
The hostage was rescued during a May 3 police raid, resulting in the initial arrest of five suspects. Since then, several more arrests have been made, according to officials close to the investigation.
Growing Threat to Crypto Entrepreneurs
The spike in these incidents has prompted concerns from authorities and industry professionals alike. At least 29 physical attacks on crypto holders have been reported globally in 2025, with many cases centered in France. If the trend continues, this year’s total could surpass the 35 reported in 2024.
In response, France’s Interior Ministry is holding high-level meetings to address crypto-related kidnappings and investor security.
Security experts and crypto executives are now urging crypto holders to take serious precautions. This includes avoiding routine financial discussions in public, enhancing digital wallet protections, and using physical security measures when possible.
Notable Incidents in 2025
The current case is not isolated. On May 13, the daughter and grandson of a French crypto exchange CEO were nearly abducted in a daytime kidnapping attempt. In March, popular online streamer Amouranth was held at gunpoint during a home invasion involving demands for her crypto wallet access. Four suspects were later charged.
Additionally, on June 4, a man believed to be a key figure in several crypto kidnappings was arrested in Morocco. More than 12 suspects connected to separate kidnapping plots were also arrested in Paris on May 26.
Why Criminals Target Crypto
Criminal groups continue to target crypto investors under the false belief that cryptocurrency is untraceable. However, experts argue that blockchain analytics have improved dramatically, enabling law enforcement to track suspicious activity.
Security experts warn that a lack of awareness remains a key vulnerability in the crypto community.
As investigations continue, the incidents highlight a stark reality: crypto wealth must be matched with crypto security in today’s evolving threat landscape.