In Paris, police successfully rescued the father of a wealthy cryptocurrency entrepreneur after he was kidnapped for ransom in a nighttime raid. The incident took place on Thursday morning and was confirmed by the prosecutor’s office on Sunday. Although specific names were not disclosed, the victim was identified as the father of a man who amassed wealth in the cryptocurrency sector. The ransom demand accompanied the kidnapping.
The police found the hostage in a house in the Essonne region south of Paris on Saturday night. Post-rescue, the victim received treatment for injuries, although details were scarce, and reports indicated that one of his fingers had been severed by the kidnappers. Authorities arrested five suspects in connection with the crime—four near the location of the hostage and a fifth driving a vehicle linked to the abduction. The investigation includes various potential charges, including kidnapping with torture or barbaric acts.
This incident follows a similar case from January when David Balland, a co-founder of the French crypto-wallet firm Ledger, and his wife were kidnapped from their home in central France. Police arrested ten individuals tied to that incident, with ransom demands made in cryptocurrency from another Ledger co-founder. That case also concluded with successful rescues by France’s National Gendarmerie Intervention Group (GIGN), who freed both Balland and his wife from captivity.
These events highlight the increasing trend of criminal activity targeting individuals involved in the cryptocurrency industry in France.
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