Crypto kidnappings in Paris are on the rise, with criminals luring wealthy investors under the false belief that cryptocurrency transactions can’t be traced.
Crypto Executives Under Siege: The Disturbing Rise of Paris Kidnappings
Paris has become the latest venue for crypto kidnappings, as two incidents were reported in the month of May alone. The targets? Ransom attacks are targeting the family members of crypto CEOs.
Recent Attacks Shake the Crypto Community
- On May 13, three assailants tried to kidnap the daughter and grandson of Pierre Noizat, CEO of the French exchange, Paymium.
- On May 3rd, police rescued the father of a crypto entrepreneur who had been kidnapped for several days for ransom worth €7 million (7.8 million).
France’s interior minister, who speaks for the country’s home affairs, recently met with leaders of cryptocurrencies.
Why Are Criminals Targeting Crypto Families?
Chainalysis CEO Jonathan Levin says that many criminals still think crypto is untraceable.
Many people think that cryptocurrencies are untraceable and criminals can use them without any consequences. This perception, however, is quite wrong, as law enforcement authorities across the world have become quite adept at following the money of crypto. This has led to many arrests, including the infamous Bitfinex hacker.
Despite high-profile incidents like the violent home invasion of streamer Amouranth’s house in March, attackers continue to use this misconception.
How Authorities Are Fighting Back
✔ Tracking ransom payments on-chain.
Cops nab four suspects in Amouranth’s attacker’s case; 12 still on the run.
Hitting the nasty gangsters behind the kidnappings.
However, Levin does call the situation “bleak” and adds that prevention is crucial.
How to Stay Safe
- Only share information that you would be okay sharing with a total stranger. Cybercriminals look for targets on social media.
- Opt for multisig wallets for extra protection.
- Report threats early—fear stops many cases from being reported.
The Bigger Picture
- There have been 22 kidnappings related to crypto so far in 2025 (vs. 28 in 2024).
- Many victims keep quiet about reals, which may be higher.
- Countries with similar cases to France have reported the most cases.
Conclusion
Although crypto is traceable, criminals are unaware of this fact. Executives and high-net-worth individuals must stay on guard.
