Key Takeaways:
French authorities charged 25 suspects in violent crypto kidnapping cases.
Criminals are using delivery trucks to access secure areas without being challenged.
High-value crypto holders face rising physical extortion risks globally.
On May 31, Paris prosecutors charged 25 suspects in a string of crypto-linked abductions, including a foiled kidnapping attempt targeting Paymium CEO Pierre Noizat’s family. The cases, marked by severed fingers and €7M ransom demands, reveal a brutal new front in crypto crime.
At least three high-profile abduction plots have been disrupted since May, all targeting French crypto executives or their relatives. Prosecutors warn that the tactics, which include physical mutilation, reflect an escalating threat to digital asset holders.
How Delivery Van Disguises Are Fueling Crypto Kidnappings
According to a local media report, the charges are linked to an attempted abduction that took place on May 13.
In a bold daylight attack near a school, the daughter and grandson of Pierre Noizat, the CEO of crypto firm Paymium, were nearly kidnapped by assailants posing as delivery drivers.
The attackers used a van marked with the branding of French courier delivery service Chronopost to blend in. The attempt failed due to the intervention of a bystander and the victim’s companion.
Authorities say this wasn’t an isolated event. Prosecutors also pointed to other failed crypto kidnapping plots, including a prior attempt on the same targets the day before. This also included a disrupted scheme near Nantes just last week.
So far, 18 suspects have been placed in pre-trial detention. Three have requested to delay their court hearings, and four others are under judicial supervision, which requires them to follow strict rules while awaiting trial.
France has witnessed a disturbing rise in such incidents, and recent headlines reflect the scope of the problem.
On May 1, the father of a young online poker player, who had earned millions through crypto trading and live streaming, was kidnapped in Paris’s 14th arrondissement.
Four attackers disguised as UPS delivery workers used a stolen van to abduct the victim. A ransom of €5–€7 million was demanded via wire transfer.
To coerce the son into transferring the requested sum, they severed one of the victim’s fingers and recorded the act. The victim was later rescued in Palaiseau during a coordinated police operation.
Another similar case was reported in January. David Balland, co-founder of the crypto hardware company Ledger, and his wife were kidnapped in the Cher region of France.
The attackers reportedly severed one of Balland’s fingers and recorded the brutal act. They then sent the video to his business partner, Eric Larchevêque, along with a ransom demand.
According to Paris Prosecutor Laure Beccuau, the kidnappers requested payment in cryptocurrency and managed to collect part of the ransom.
Crypto kidnappings in France are no longer rare. They are now part of a growing criminal playbook targeting high-profile figures in the digital finance sector.
As crypto assets gain value and visibility, so does the risk for those who own them.
Global Hotspots Where Crypto Kidnappings Are Surging
France may be in the spotlight, but it’s far from the only country facing this trend. Crypto kidnappings are on the rise worldwide.
From South America to North America, Europe to Asia, criminals target digital asset holders with alarming boldness.
In the U.S., two NYPD officers were placed on modified duty last week. Investigators are examining their possible involvement in a crypto kidnapping case involving an Italian national in Manhattan.
The victim was allegedly held for 17 days, tortured, and forced to give up access to a Bitcoin wallet.
On May 23, a young Russian couple was kidnapped in Buenos Aires, Argentina. They were held until a $43,000 Bitcoin ransom was paid. They were later released.
Meanwhile, the U.S. charged six men in February linked to the October 2024 kidnapping of four Chicago residents. The victims were forced to transfer $15 million in crypto.
Just a month before that, a UK court sentenced seven gang members to lengthy prison terms for kidnapping and torturing a crypto investor. The operation was an attempt to extort digital assets.
One of the most high-profile cases in Canada involved WonderFi CEO Dean Skurka.
He was kidnapped during rush hour in Toronto in November 2024 and released after reportedly paying a $1 million ransom.
Crypto abductions have cracked the safety net of digital finance. They show that the risks of holding valuable digital assets extend beyond phishing emails and password theft.
They can reach into homes and families, threatening personal safety. Governments are intensifying their fight through cross-border investigations, tighter regulations, and advanced technology tracking.
Frequently Asked Questions (FAQs)
Some scour social media for targets. Others leverage data from hacked cryptocurrency exchanges, such as the latest Coinbase data dump on the darknet.
These kidnappers aren’t political. They’re part of profit-driven crime rings, hunting crypto wealth through brutal but businesslike schemes.
The post France’s Crypto Kidnap Crisis: 25 Indicted Over Mutilation and Million-Euro Ransom Horror appeared first on Cryptonews.
