An attempted kidnapping in Paris has raised fresh alarms about the growing risks faced by crypto entrepreneurs. According to French police, three masked and armed men tried to abduct the daughter and toddler grandson of a prominent crypto entrepreneur earlier today in the 11th arrondissement.
Daylight Attack on Rue Pache
The incident took place around midday on Rue Pache. Witnesses saw three individuals wearing balaclavas approach the young mother and her two-year-old child.
The situation escalated fast. The child’s father, believed to be the entrepreneur’s son-in-law, intervened and managed to stop the kidnapping after a brief struggle. The attackers then fled in a van, which was found abandoned nearby. Thankfully, no injuries were reported.
Authorities launched an immediate manhunt. Specialized anti-gang units are now investigating.
Crypto Crime Moves Into the Real World
Police confirmed that the intended target is a crypto platform founder with large digital asset holdings. Though his identity hasn’t been disclosed, investigators suspect the motive was financial.
This case is part of a disturbing trend, with criminals targeting wealthy individuals in the crypto sector. The liquidity and privacy of crypto assets make them attractive for organized gangs looking to extract ransoms.
A Pattern of Targeted Attacks
This is France’s third crypto-related abduction attempt in 2025:
- In January, Ledger co-founder David Balland and his partner were kidnapped and tortured for a €10 million ransom. Police freed them and arrested seven suspects.
- Earlier this month, the father of another French crypto entrepreneur was abducted. He was rescued in a police operation, and five people were arrested. The ransom demand ranged from €5 to €7 million.
Law enforcement now believes these are coordinated efforts by organized crime groups targeting crypto moguls. They exploit the high value and pseudonymous nature of digital assets.
Manhunt Continues in Paris
Authorities are urging anyone with information about today’s attempted abduction to come forward. As the investigation continues, the incident adds to growing fears about physical security for digital asset holders.
The Paris police remain on high alert, and crypto investors are advised to review their personal security protocols in light of these developments.
