Crypto's treasures became a nightmare in Paris, where a father was kidnapped in the vast sunlight to force his millionaire son to pay a brutal ransom.
French police released a man over the weekend who kidnapped In Paris as part of a ransom method against his rich son, prosecutors said. The victim, whose identity was not released, was abducted on Thursday, May 2, in the city's 14th district.
He was monitored and released in a late-night operation on Saturday, May 3, in a suburb outside the capital. Five men in their 20s were arrested in connection with the crime by French authorities. One of them was caught driving a car thought to be used in the kidnapping.
Dad targets the crypto's wealth of the child's crypto
Kidnappers allegedly target cash from the son's son, a Millionaire who runs a cryptocurrency marketing company in Malta with his father. Police said the kidnapping occurred in the middle of the morning when four men's masks abducted the father in a van delivery.
The motive is ransom. The French news source Le Parisie has indicated that kidnappers have requested between € 5 million and € 7 million. Investigators believe that those who are attacked about the child's cryptocurrency wealth and have used the father as a way to scare him to pay.
The father of a millionaire crypto was seized in the vast sunlight in Paris on Thursday. Similar to David Balland's attack, a ransom of 5M EUR was requested and one of the victim's fingers was amputated.
– Jameson Lopp (@lopp) May 4, 2025
The finger was cut off to the victim's family's family
In a surprising gesture that means to force the victim's son, a resource in the AFP said that one to the father Fingers are cut off Off, with the police afraid of further caution if they did not intervene.
Internal Minister Bruno Retailleau was taken to X to praise the police, calling the operation “decided.”
As of today, the market cap of cryptocurrencies stood at nearly $3 trillion. Chart: TradingView
Previous threats and criminal charges
Police are now investigating if there is a History of threats involved. The victim's husband informed the police that the family had previously received threats. Anti-gang officials and Cybercrime experts work together to investigate the conspiracy range.
The five suspects can be charged with serious offenses, including kidnapping, blackmail, torture, and armed extortion. Police said the investigation continued.
Identical attacks involving crypto numbers
This is not the first time a member of France Cryptocurrency That is targeted by the community. David Balland, co-founder of billion dollar crypto firm Ledger, was kidnapped on January 21 as well as in Paris.
His kidnappers grabbed one of his fingers and called for the ransom. Eventually he was released. His girlfriend was then discovered in a car trunk.
While the wealth of cryptocurrency is gaining popularity, the French authorities seem to be in contact with a stressful trend: the good things that individuals do in the crypto community, or those associated with them, are victims of brutal abduction.
Featured image from Dark Reading, Chart from TradingView
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