Leaders in the cryptocurrency business are increasingly seeking personal protection due to rising threats of kidnapping and ransom aimed at investors and professionals worldwide. The surge in crime incidents has led many individuals in France to hire bodyguards and commit to long-term security arrangements.
According to a Bloomberg report, Infinite Risks International, a security firm based in Amsterdam, Netherlands, has seen a significant increase in inquiries for bodyguard services. More clients within the crypto sector are now entering into contracts for ongoing security details. This trend has emerged as French authorities enhance protective measures for cryptocurrency entrepreneurs in response to several reported abduction cases in 2025.
French authorities have introduced new safety measures to protect crypto sector workers and their families. These measures involve being informed of possible safety issues and receiving a quick police response when required. The authorities recommend that crypto investors not show off their wealth or wear anything with a crypto logo so they are not a clear target for criminals.
Top officials and industry figures are increasingly concerned about the rise in kidnappings. After the abduction incident, Interior Minister Bruno Retailleau met with crypto executives. The government is developing new security guidelines to protect high-net-worth individuals engaging in cryptocurrency.
In 2025, David Balland, the co-founder of Ledger, was kidnapped and the kidnappers demanded a ransom for his release. After a few days as a hostage, police managed to rescue Balland. Earlier in May, police in Paris rescued the father of a prominent crypto entrepreneur from being kidnapped. Reports indicated that the victim’s finger was cut off by the criminals, much like other violent acts seen in similar crimes.
On May 13, the family of Pierre Noizat, CEO and co-founder of French crypto exchange Paymium, experienced a brazen kidnapping attempt. Masked attackers assaulted Noizat's family on the street, trying to abduct his daughter and grandson by forcing them into a van. The victims and a passerby resisted, driving the assailants away.
These incidents have created uncertainty among people in the cryptocurrency world. They demonstrate why it is essential to work on security actively. Authorities are focused on helping people defend themselves and be aware of possible problems.