French authorities will be charged with 25 individuals, including six minors, in a series of kidnappings and attempted abductions linked to the country’s cryptocurrency sector.
The group, aged 16 and 23, faces charges connected to many plots that target well -known crypto figures and their families, Le Monde reportedAn announcement from the public office in Paris on May 31 is mentioned.
Each report, eighteen suspects who are now in pre-trial detention, three have requested a deferred hearing, and four remain under judicial supervision.
The centers of investigation into a Failed May 13 abduction attempt at the 11th development of Paris. The targets are daughter and grandson of Pierre Noizat, CEO of French Crypto Exchange Paymium.
In the middle of Paris, a person was violated by people with a hood, wearing black. They are trying to remove it. Someone got up, putting out a fire, to scare them. →https://t.co/P0QV6PR40V pic.twitter.com/9f4r2gi7ho
– le figaro (@le_figaro) May 13, 2025
Authorities said this was not the first attempt – a similar failed framework was presented the previous day. Days later, the police also filed another operation near Nantes.
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The masterminds behind the plot remain unknown
The footage of the May 13 incident, widely circulated on social media, showed four mashed attacks that invaded Noizat’s daughter, his wife, and their son. The victims experienced minor injuries and were treated at the hospital.
The suspects have been reported to have come from a wide range of backgrounds, including individuals born in the Paris, Châ Alellerault, Senegal, Angola, and Russia region.
Many of them have been described by defense lawyers as “young profiles who have been trapped by money and caught in a situation beyond their control.”
The Paris case is part of a broader increase in crypto -related kidnapping around France this year. High-profile incidents include January’s abduction by ledger co-founder David Balland and his partner, as well as the kidnapping of May 1 of the father of a millionaire crypto-said an incident investigator linked to the current attack wave.
To date, police have arrested lower levels of logistics operatives and coordinators, but the masterminds behind these plots remain unknown.
The growing threat draws national attention. Internal Minister of France Bruno Retailleau Professionals in the crypto industry have been identified in mid -May to discuss protective measures. The ministry later announced improved cooperation between law enforcement and crypto companies, including home security checks conducted by police and gendarmerie police officers.
Related: Minister of France to meet crypto companies after the kidnapping attempt
Insurance companies to cover crypto risks
As reported, the insurers are racing to generate new protections aimed at a growing physical threat: kidnapping for crypto.
At least three companies that specialize in crypto and security insurance are now preparing specialized kidnap and ransom policies (K&R) for investors in digital assets, according to a recent report from NBC News.
Also, executives and investors in the crypto industry are increasingly looking for personal security services. On May 18, the private firm with endless international risks Reported increased requests for bodyguards and protection contracts from high -profile figures in the crypto space.
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