Sunday, April 26th 2026

French Police Rescue Kidnapped Father of Crypto Millionaire in Paris


French Police Rescue Kidnapped Father of Crypto Millionaire in Paris
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In a dramatic operation, French police have rescued the father of a wealthy cryptocurrency entrepreneur who was kidnapped in Paris and held for ransom. The 60-year-old victim was abducted on Thursday morning in the 14th arrondissement by four masked men as he walked his dog. The kidnappers demanded a ransom between €5 million and €7 million from his son, co-owner of a Malta-based cryptocurrency firm. To pressure the family, they severed one of the victim's fingers and sent a video of the mutilation to his son

Acting on intelligence, police located the victim in a house in Essonne, south of Paris. Fearing further harm, the elite Search and Intervention Brigade (BRI) launched a raid on Saturday night, successfully freeing the hostage and arresting four suspects at the scene. Three additional suspects were detained later, bringing the total to seven.

This incident is part of a troubling trend in France and Europe, where individuals connected to the cryptocurrency industry are being targeted for ransom. In January, David Balland, co-founder of crypto-wallet firm Ledger, was kidnapped along with his wife. Balland also had a finger severed, and the kidnappers demanded a €10 million ransom. Both were rescued by police, and ten suspects were arrested.

Authorities are investigating the latest case under charges including kidnapping with torture or barbaric acts. The incidents highlight the growing risks faced by those in the cryptocurrency sector.

 

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