French authorities have charged 25 individuals, including six minors, in connection with a series of attempted kidnappings targeting prominent figures in the cryptocurrency sector. The suspects, aged 16 to 23, are accused of orchestrating multiple abduction plots in Paris and other regions, with the aim of extorting digital assets from their victims.
A String of High-Profile Incidents
The investigation gained momentum after a failed kidnapping attempt on May 13 in Paris’ 11th arrondissement. The targets were the daughter and grandson of Pierre Noizat, CEO of the French crypto exchange Paymium. The attack, which was caught on video and widely shared on social media, showed masked assailants confronting the family in broad daylight. Fortunately, the victims suffered only minor injuries and were treated at a local hospital.
This incident was not isolated. Just a day earlier, another failed abduction was reported, and days later, police foiled a similar plot near Nantes. These cases are part of a broader surge in crypto-related kidnappings across France in 2025, including the January abduction of Ledger co-founder David Balland and the May 1 kidnapping of a crypto millionaire’s father.
Who Are the Suspects?
The group charged comes from diverse backgrounds, with individuals born in the Paris region, Châtellerault, Senegal, Angola, and Russia. Defense lawyers describe many as young people lured by the promise of quick money, often recruited through social media channels . While police have apprehended lower-level operatives and logistics coordinators, the masterminds behind these coordinated attacks remain unidentified.
Law Enforcement and Industry Response
The wave of kidnappings has prompted a strong response from both law enforcement and the crypto industry. France’s Interior Minister recently met with crypto professionals to discuss enhanced security measures, including home security checks and closer cooperation between police and crypto firms. The goal is to better protect high-profile investors and executives from physical threats.
Insurance and Security Solutions Emerge
As the risk of physical attacks grows, insurance companies are developing new kidnap and ransom (K&R) policies tailored for digital asset holders. At least three firms specializing in crypto insurance are preparing products to address these emerging threats. Meanwhile, demand for personal security services, such as bodyguards, has surged among crypto executives and investors.
A New Era of Crypto Security
The recent events in France highlight the evolving risks faced by those involved in the crypto sector. As digital assets become more mainstream, both criminals and security providers are adapting rapidly. The French government’s proactive stance and the industry’s embrace of new security solutions signal a shift toward greater protection for crypto investors and their families.
