Crypto Millionaire’s Father Rescued from Kidnapping in Paris, What’s the Chronology?

Updated

May 6, 2025

Gambar Crypto Millionaire’s Father Rescued from Kidnapping in Paris, What’s the Chronology?

Jakarta, Pintu News – French police recently rescued the father of a crypto millionaire who was kidnapped by a group of unidentified people in the middle of Paris.

The incident, which occurred in broad daylight, shocked many because the perpetrator used a face mask and forced the victim into the delivery van.

The victim was found injured with one finger missing, and the kidnappers have demanded a ransom of 5-7 million euros (approximately $5.35-7.49 million).

Check out the full news below!

Dramatic Rescue in Palaiseau

The rescue operation conducted by French police took place at a house in Palaiseau, south of Paris. The victim was found in poor condition with one finger missing, showing how brutal the kidnapping was.

Based on information from the police, the kidnappers demanded a huge ransom from the victim’s son, who is known as one of the millionaires in the crypto industry. The kidnappers were tracked down through the phone signal they were using.

Police have arrested four suspects who are now under intensive investigation. French Interior Minister Bruno Retailleau praised the investigators for their hard work and success in this rescue operation.

Alarming Abduction Series

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This is the third crypto-related kidnapping in France this year, raising concerns for the safety of crypto industry players and their families. Four months earlier, David Balland, co-founder of Ledger, and his wife were victims of a similar kidnapping.

They were rescued a few days later in severe physical condition, including the loss of a finger, and the kidnappers demanded a ransom of 10 million euros (about $10.7 million). In January, a 56-year-old man was found alive in the trunk of a car near Le Mans.

The kidnapper was trying to blackmail his son who is a Dubai-based crypto influencer. This series of kidnappings shows a worrying pattern where families of crypto industry players are being targeted for crime.

Also read: How Do Bitcoin ATMs Work?

Police Efforts to Curb Crypto Crime

French police have been working hard to stop a series of kidnappings targeting families of crypto industry players. Extensive investigations are underway to uncover the networks behind these crimes.

This latest successful rescue is a testament to the police’s ability to tackle increasingly complex crimes as the crypto industry grows. These cases also serve as a warning to crypto industry players to further enhance personal and family security.

Authorities urge the public to be vigilant and report any suspicious activity that could be related to similar crimes.

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