Reports indicate that French Crypto Assets entrepreneurs will receive additional security protection due to a recent kidnapping incident.

Source: Cointelegraph Original text: "Reports say that French cryptocurrency entrepreneurs will receive additional security measures due to a recent kidnapping incident."

According to Politico, due to a recent surge in kidnapping incidents related to cryptocurrency in France, French cryptocurrency entrepreneurs and their families will receive enhanced security measures.

According to reports on May 16, these measures include priority access to police emergency hotlines, home safety assessments, and the provision of security briefings by French law enforcement to ensure that best security practices are followed.

French Interior Minister Bruno Retailleau has launched these security measures as part of a broader effort to respond to a recent series of attacks.

Retailleau also pointed out that law enforcement officers will receive "anti-cryptocurrency money laundering training."

After three kidnapping incidents related to cryptocurrency that occurred in recent months, Retailleau met with several local leaders in the crypto industry to discuss these measures.

The most recent incident occurred on May 13, when attackers attempted to kidnap the daughter and grandson of Pierre Noizat, the CEO of the French crypto platform Paymium, in broad daylight. Fortunately, they successfully repelled the attack.

Local police stated that the attacker attempted to forcibly stuff two people into a waiting van, but Noizat's daughter successfully wrestled a gun from one of the attackers and threw it away.

In the heart of Paris, a man was assaulted by masked individuals dressed entirely in black. They were attempting to abduct him. A man appeared, fire extinguisher in hand, to scare them off. → pic.twitter.com/9f4r2Gi7ho

On May 3, Paris police rescued the father of a cryptocurrency entrepreneur who had been detained for several days due to his involvement in a kidnapping plot worth 7 million euros ($7.8 million).

In January this year, David Balland, co-founder of the cryptocurrency hardware wallet provider Ledger, was kidnapped from his home in central France in the early hours of January 21. He was held until he was released after police action on the evening of January 22.

Retailleau stated earlier this week that he believes these events are likely related to each other.

According to a GitHub database maintained by Bitcoin cypherpunk Jameson Lopp, there have been over 150 robbery or kidnapping incidents related to cryptocurrency since 2014, with 23 occurring in 2025 alone.

Lopp pointed out that many criminals often identify future victims through social media posts, public conversations, gatherings, and meetings.

He strongly advises against peer-to-peer transactions—especially with untrustworthy individuals—showing off wealth on social media, and wearing clothing branded with cryptocurrency logos.

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