Six Arrested in France Over Crypto-Linked Kidnapping

** French police arrested six suspects following the escape by a magistrate and her mother, who were kidnapped by ransom seekers. The number of crypto-related crimes is increasing in France.**

Six individuals connected with the kidnapping were arrested by the police. Those who were victimized have relatives within the cryptocurrency industry.

The arrests were confirmed by Lyon prosecutor Thierry Dran to AFP. Three suspects were held overnight. Sunday morning also witnessed two additional arrests. On Sunday afternoon, a minor was caught.

Daring Escape From Captors’ Garage

The 35-year-old magistrate and her 67-year-old mother freed themselves Friday morning. They were found injured in a garage in Bourg-les-Valence. The woman banged on the garage door to alert neighbors.

A neighbor heard the noise and intervened. He opened the door and allowed the victims to escape. No ransom was paid before their liberation.

Between Wednesday and Thursday, the kidnappers took the women on a trip at night. The partner of the magistrate works in a cryptocurrency startup and has been away.

Ransom Demands and Gruesome Threats

The kidnappers wrote an email to the partner of the magistrate and included a photograph of her with a ransom demand of cryptocurrency.

France24 stated the kidnappers threatened to mutilate the victims in case money was not paid on time. The amount demanded was not revealed by Prosecutor Dran.

Two of the offenders were apprehended attempting to board a bus to Spain. Law enforcement is still seeking more suspects.

France Faces Crypto Crime Wave

The French police have addressed a number of kidnappings of families, which are associated with cryptocurrency. The crimes have increased in 2025.

In January 2025, David Balland, co-founder of the $1 billion Ledger crypto company, was kidnapped. Kidnappers cut off his finger and demanded a ransom.

The next day, Balland was liberated. His girlfriend was discovered tied in a car boot in Paris.

In May, the father of a cryptocurrency executive based in Malta was kidnapped in Paris by four disguised men. Kidnappers cut off his finger and demanded millions of euros. He was later released after 58 hours by security forces.

The new arrests signify a huge move towards combating cryptocurrency-related extortion. An extensive search with 160 officers was conducted. Police employed vast resources to locate victims and suspects.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

$10M Settlement Ends SEC Case Against Justin Sun

The SEC has reached a $10 million settlement with Justin Sun, resolving allegations of securities fraud linked to TRX and BTT tokens. The agreement dismisses personal claims against Sun and highlights the SEC's ongoing regulatory efforts in the crypto industry.

TodayqNews1h ago

Curve Finance accuses a decentralized trading platform of unauthorized use of its code

Curve Finance recently stated that a certain decentralized trading platform used its code without permission, violating open-source licenses, and emphasized that this action is illegal and unwise. Curve Finance proposed that legitimate use of its Stableswap functionality can be achieved through licensing or collaboration to ensure the safety of user funds.

GateNews1h ago

A certain CEX responds to U.S. Senator's anti-money laundering inquiry, claiming media reports are inaccurate.

A certain CEX recently responded to a U.S. senator's inquiry about anti-money laundering, stating that the allegations are false. The platform emphasized that it has established strict compliance and sanctions controls, prohibiting Iranian users. It also launched an internal investigation, delisted related entities, and helped law enforcement recover over $752 million in the past three years. Moving forward, it will continue to strengthen its compliance system.

GateNews2h ago

Iran and North Korea are both using it! Stablecoins have become the preferred virtual asset for illegal transactions, with involved fraud totaling $51 billion.

According to the latest FATF report, stablecoins have become a primary funding tool for illegal transactions, especially in countries like North Korea and Iran. The report indicates that by 2025, stablecoins will account for 84% of illegal virtual asset trading volume, and calls for increased regulation of stablecoin issuers to prevent money laundering and other criminal activities. The global stablecoin market value has exceeded $300 billion, and regulators need to act quickly to close regulatory gaps.

区块客3h ago

Bank failures, war conflicts: Iran's $7.8 billion cryptocurrency "shadow economy" becomes the focus again

As the US-Israel coalition's military actions against Iran escalate, Iran's "shadow economy" becomes a focal point. Iran has legalized Bitcoin mining and is utilizing cheap electricity for mining to bypass US dollar sanctions, with the mining scale potentially reaching $7.8 billion and being heavily relied upon by the military. The rial has depreciated by over 96%, and the stablecoin USDT has become a new tool for trade, while the public is turning to Bitcoin to protect their assets.

区块客3h ago

U.S. Senator Criticizes SEC for $10 Million Settlement with Justin Sun, Accusing Trump Administration of Favoring Crypto Allies

U.S. Senator Elizabeth Warren criticizes the SEC for reaching a $10 million settlement with Justin Sun, claiming that regulatory agencies favor crypto allies. The settlement involves SEC charges against Sun and his company. Warren emphasizes the need to ensure crypto legislation prevents the president from profiting through the crypto industry. Justin Sun calls the settlement a conclusion to the case and commits to promoting crypto innovation.

GateNews6h ago
Comment
0/400
No comments