A crypto entrepreneur who created the content in Tiktok was reported to have been kidnapped in France on Friday and then released a day later when the abductors discovered that he did not have enough funds to cover their extortion demands.
The 26-year-old Crypto Tikoker was snatched Friday night while returning to Juvisy-Sur-Teorge in Northern France, According to In a report on Sunday of the French Radio Station Europe 1, the kidnappers were asked to give him 50,000 euros ($ 57,000) in crypto.
Tiktok crypto trader has no money
The four robbers reportedly forced the businessman into a stolen vehicle. He was also beaten by the incident.
However, the Crypto businessman, with 40,000 followers in Tiktok, was released on Saturday after he announced that he could not pay and showed low balance kidnappers on his account.
The organized and specialized Division of French crime is currently investigating the incident and the businessman has been given six days of benefits to France’s inability, according to Europe 1.
French crypto kidnappings on increasing
France has seen a revolt over crypto kidnappings this year, motivating the country’s inner minister to meet with Crypto businessmen to address rising security concerns.
On May 13, assailants attempted to kidnap the daughter and grandson of Pierre Noizatthe co-founder and CEO of the French crypto exchange paymium.
Paris police also released the father of a crypto businessman on May 3, which held for many days and cut his finger as part of a 7 million euro ($ 7.8 million) kidnapping plot.
Crypto kidnappers pursued by law
French police reported make a lot of arrests In connection with the abduction of the Crypto businessman’s father, the state-owned media outlet was reported on June 11.
Related: The Chainysis CEO has offered a sign on the recent spate attack of Paris Crypto
Last week, on June 4, one of the alleged major numbers behind a series of recent Crypto -related French kidnappings have been arrested in Morocco.
Meanwhile, the Paris Paris Public Prosecutor’s office charged 25 Individuals on May 31 connected to many plots that target well -known crypto figures and their families.
