French police arrest more than 12 suspects in cryptocurrency kidnapping case

Mars Finance News, on May 27, according to Le Parisien, French authorities suspect that criminal organizations may be behind two recent kidnapping cases related to cryptocurrencies. French authorities arrested more than 12 suspects in Paris in connection with two high-profile cryptocurrency-related kidnapping cases. The arrested individuals include several minors, facing charges of kidnapping, attempted kidnapping, and criminal conspiracy. French investigators are exploring the possibility that a criminal organization orchestrated two recent cryptocurrency-related kidnapping attempts, with social media networks being used for member recruitment. In an alleged kidnapping attempt on May 13, three men tried to kidnap the daughter and grandson of Pierre Noizat, co-founder and CEO of the French cryptocurrency trading platform Paymium, in broad daylight in Paris. Video footage shot by bystanders shows that the alleged kidnapping attempt was thwarted due to Noizat's daughter's fierce resistance and bystander intervention. In another case in early May, French authorities rescued the father of a cryptocurrency marketing entrepreneur who had been kidnapped and demanded a ransom of 5 to 7 million euros. Earlier this year, David Balland, co-founder of cryptocurrency hardware wallet manufacturer Ledger, was allegedly kidnapped from his home, with criminals demanding cryptocurrency as ransom. Balland was subsequently rescued by French police days later.