Close Menu
Cryprovideos
    What's Hot

    Trump’s courtroom choose would carry crypto baggage to the bench

    July 18, 2025

    Bitcoin Breaks Above Seven-12 months Resistance Trendline

    July 18, 2025

    Smarter Net Expands Bitcoin Holdings, Joins World’s High 25 BTC Treasuries

    July 18, 2025
    Facebook X (Twitter) Instagram
    Cryprovideos
    • Home
    • Crypto News
    • Bitcoin
    • Altcoins
    • Markets
    Cryprovideos
    Home»Crypto News»French Police Rescue Kidnapped Father of Crypto Millionaire: Stories – Decrypt
    French Police Rescue Kidnapped Father of Crypto Millionaire: Stories – Decrypt
    Crypto News

    French Police Rescue Kidnapped Father of Crypto Millionaire: Stories – Decrypt

    By Crypto EditorMay 5, 2025No Comments3 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email



    French Police Rescue Kidnapped Father of Crypto Millionaire: Stories – Decrypt

    Briefly

    • The daddy of a crypto entrepreneur was freed in a police raid after kidnappers demanded ransom in crypto.
    • Attackers severed the sufferer’s finger in an assault mirroring January’s Ledger founder kidnapping.
    • The Incident marks the third crypto-related kidnapping in France this 12 months as violent extortions proceed.

    French authorities have rescued the daddy of a crypto millionaire by means of a coordinated raid Saturday evening, days after being held hostage.

    The sufferer, whose identification stays undisclosed, was kidnapped in broad daylight Thursday morning in Paris’s 14th arrondissement when 4 masked males compelled him right into a nondescript supply van, in accordance with preliminary reporting from Le Monde with Agence France-Presse.

    Stories from the Paris prosecutor’s workplace point out police situated the sufferer Saturday evening at a rental property within the Essonne area south of Paris.

    The 5 suspects, all of their twenties, had been arrested throughout the operation led by specialised cybercrime and intervention items.

    Separate reporting from Le Parisien claimed the abductors had demanded between €5 (US$5.6 million) and €7 million (US$7.95 million) in crypto after severing one of many sufferer’s fingers.

    “The sufferer seems to be the daddy of a person who made his fortune in cryptocurrencies,” a prosecutor’s workplace spokesperson said.

    Investigators later discovered from the sufferer’s spouse that her husband and their son operated a crypto advertising and marketing agency registered in Malta.

    No ransom was paid earlier than the rescue, French authorities confirmed.

    Wrench assaults proceed

    The incident represents the newest in what safety consultants name “wrench assaults”—bodily threats used to override crypto’s digital safety measures. 

    The time period originates from a 2012 XKCD comedian, in accordance with the primary complete research on wrench assaults completed by researchers on the College of Cambridge and the College School of London, as beforehand reported by Decrypt.

    These sorts of assaults “undermine the efficacy of present digital safety norms when confronted with real-world threats,” the researchers mentioned.

    In January, Ledger co-founder David Balland was kidnapped and mutilated earlier than police rescued him in what Ledger Chairman and CEO Pascal Gauthier described as a “traumatic state of affairs that we hope won’t ever be repeated.”

    Jameson Lopp, co-founder and chief expertise officer of Bitcoin safety agency Casa, paperwork bodily Bitcoin assaults in a GitHub repository. The listing exhibits the Paris incident because the twenty first assault this 12 months.

    Wrench assaults are “roughly correlated with the dimensions of the market and general adoption of crypto,” Lopp advised Decrypt in February.

    Safety consultants equivalent to Rigel Walshe, developer at Swan Bitcoin and former police constable within the New Zealand Police Pressure, urge crypto holders to apply “relaxed consciousness” and keep “alert and ready,” amongst different straightforward safety measures that might be completed to stop wrench assaults.

    Edited by Sebastian Sinclair

    Day by day Debrief Publication

    Begin each day with the highest information tales proper now, plus authentic options, a podcast, movies and extra.



    Supply hyperlink

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Trump’s courtroom choose would carry crypto baggage to the bench

    July 18, 2025

    Pudgy Penguins Expands Pudgy NFT Toys To Don Quijote, Japan

    July 18, 2025

    Will Bitcoin Treasury Firms Kickstart the Subsequent Crypto Bear Market?

    July 18, 2025

    China Retailers Financial institution’s CMBI Secures Hong Kong License for Crypto Buying and selling

    July 17, 2025
    Latest Posts

    Bitcoin Breaks Above Seven-12 months Resistance Trendline

    July 18, 2025

    Smarter Net Expands Bitcoin Holdings, Joins World’s High 25 BTC Treasuries

    July 18, 2025

    Will Bitcoin Treasury Firms Kickstart the Subsequent Crypto Bear Market?

    July 18, 2025

    Trump Admin Says No Extra Taxes on Small Bitcoin Funds ‣ BlockNews

    July 18, 2025

    Ex-NCA Officer Jailed for Stealing 50 BTC From Darkish Internet Prison

    July 18, 2025

    BlackRock Bids More durable on Bitcoin With One other $750 Million Buy

    July 17, 2025

    Bitcoin Commonplace Treasury Firm Proclaims Plans To Go Public by Combining With Cantor Fairness Companions – The Every day Hodl

    July 17, 2025

    E-Bike Maker’s Shares Soar 135% on $500 Million Bitcoin Treasury Plan – Decrypt

    July 17, 2025

    CryptoVideos.net is your premier destination for all things cryptocurrency. Our platform provides the latest updates in crypto news, expert price analysis, and valuable insights from top crypto influencers to keep you informed and ahead in the fast-paced world of digital assets. Whether you’re an experienced trader, investor, or just starting in the crypto space, our comprehensive collection of videos and articles covers trending topics, market forecasts, blockchain technology, and more. We aim to simplify complex market movements and provide a trustworthy, user-friendly resource for anyone looking to deepen their understanding of the crypto industry. Stay tuned to CryptoVideos.net to make informed decisions and keep up with emerging trends in the world of cryptocurrency.

    Top Insights

    Paul Atkins Turns into SEC Chair, Boosting Bitcoin Hopes – Bitbo

    April 22, 2025

    Coinbase Says It's Working With DOJ to Examine Hack of Buyer Information – Decrypt

    May 19, 2025

    Crypto Whale Drives Meme Cash With Large Investments

    January 9, 2025

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    • Home
    • Privacy Policy
    • Contact us
    © 2025 CryptoVideos. Designed by MAXBIT.

    Type above and press Enter to search. Press Esc to cancel.