Buy Crypto
Pay with
USD
USD
Buy & Sell
Hot
Supports Visa, Mastercard, SEPA & more
P2P
0 Fees
Flexible trading, zero fees
Gate Card
Use your crypto for payments worldwide
Markets
Trade
Basic
Advanced
Futures
Futures
Access hundreds of perpetual contracts
CFD
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
U.S. Stocks
CFD
U.S. stock CFD derivatives
Futures
High leverage, 24/7 trading
Tokenized Stocks
Backed by real stock assets
GUSD
Mint GUSD for Treasury RWA yields
Earn
Launch
CandyDrop
tag
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Pre-IPOs
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Investment
Square
Square
Post, share, and explore crypto trends
Live
moments live
Live crypto market analysis
Chat
Chat with crypto traders
News
What is happening in crypto
flower_head
More
Promotions
AI
Others
TradFi
Rewards
Square
Latest
Hot
News
Profile

French crypto kidnapping case investigation uncovers international money laundering network: ransom payments flow to Venezuela wallets

MeNews
robot
Abstract generation in progress
ME News Report, May 30th (UTC+8), France's Le Monde disclosed that an investigation into a cryptocurrency-related kidnapping case in 2023 has made new progress. French law enforcement, while tracing a ransom payment of 1.7 million euros in cryptocurrency, discovered a transnational money laundering network involving multiple countries and crypto wallets. In the case, the kidnapped individual is the father of well-known crypto gambling influencer "TeufeurS." The kidnappers threatened the victim's family via text message and demanded ransom paid in cryptocurrency. Ultimately, TeufeurS transferred a total of 1.7 million euros to the kidnappers' designated wallets in two transactions, and his father was subsequently released. Investigations showed that part of the ransom, after multiple transfers, flowed into wallets controlled by foreign nationals. One transfer of $131k was successfully tracked by French gendarmes, leading to a crypto wallet controlled by a Venezuelan national. The case further revealed the complex chain of criminal organizations using cross-border crypto asset transfers, anonymous wallets, and overseas platforms for money laundering. The report states that this case is considered one of the significant kidnapping and extortion cases in the European crypto industry and may serve as an early model for multiple kidnapping cases involving crypto industry practitioners in France and Europe in 2025. (Source: BlockBeats)
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 10
  • Repost
  • Share
Comment
Add a comment
Add a comment
ThePatienceRequiredFor
· 6h ago
Only after multiple transfers did it reach $130k; the remaining money was cleaned thoroughly. Can this case become a standard example?
View OriginalReply0
MildlyRugged
· 9h ago
As long as my father is safe, that's enough, but 1.7 million for a lesson: Don't be a family member of a public figure.
View OriginalReply0
GateUser-94818fd0
· 9h ago
1.7 million euros ransom on the blockchain, this tracking is much easier than traditional bank transfers. What are the kidnappers thinking?
View OriginalReply0
MintConditionMax
· 9h ago
$130k points to Venezuela, what about the remaining 1.57 million? The report left it blank.
View OriginalReply0
StarsInTheGlassDome
· 9h ago
The influencer economy backfires on families; the risk of flaunting wealth in the crypto world is an order of magnitude higher than in traditional industries.
View OriginalReply0
PineNeedlesAndColdWind
· 9h ago
Ransom money goes into foreigners' wallets; the term "foreigners" is too vague—Eastern Europe? Middle East?
View OriginalReply0
OffshoreWindOrder
· 9h ago
Text message threats + specified address, the operation process is too crude, probably not a professional gang
View OriginalReply0
ProofOfSnack
· 9h ago
The issue of international money laundering networks, on-chain analysis companies are once again overwhelmed with orders.
View OriginalReply0
BluePeonyPrincipalProtection
· 9h ago
Europe should have had this kind of precedent long ago; anonymous wallets are not beyond the law.
View OriginalReply0
GateUser-34d2b0ab
· 9h ago
Did TeufeurS release the person only after two transfers, or is the middleman still profiting from the price difference, or is it an internal conflict among the kidnappers?
View OriginalReply0
View More

  • Pinned

Sitemap