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France has recorded at least 23 attacks on crypto entrepreneurs in 2025, revealing an alarming new security challenge in the digital asset space.
French authorities have implemented home security checks, emergency hotlines, and specialized training for police to combat crypto-related threats.
Experts urge crypto professionals to limit public displays of wealth and maintain strict privacy protocols to mitigate risks.
The recent surge in violent attacks against cryptocurrency entrepreneurs in France has highlighted the importance of security in the digital asset industry. The French crypto community is now facing a whole new level of threats, with the latest data suggesting that there were at least 23 incidents in 2025 alone, including kidnappings and attempted kidnappings, and a growing need for protective measures.
High-profile cases have catalyzed the issue. In January, David Balland, co-founder of crypto wallet firm Ledger, was abducted with his wife. He was mutilated before police came to the rescue.
More recently, on May 13, assailants wearing masks attempted to abduct the daughter and grandson of Pierre Noizat, CEO of crypto platform Paymium, in plain sight of a Parisian street. The attempt was thwarted by the resistance of the victims and the help of a bystander with a fire extinguisher.
These incidents show a new and alarming development: organized criminal groups are targeting crypto entrepreneurs and their families, taking advantage of the relative anonymity and liquidity offered by crypto to seek ransom.
In response to the growing threat, French Interior Minister Bruno Retailleau has announced a series of emergency measures to protect crypto entrepreneurs and their families. These include:
Priority access to police emergency lines for immediate threat reporting.
Home security assessments are conducted by law enforcement to identify and mitigate vulnerabilities.
Personalized safety briefings to educate individuals on best practices for personal and digital security.
Enhanced training for police officers in crypto asset laundering and related criminal activities.
These initiatives represent a significant shift in the government's approach, acknowledging the unique risks faced by individuals in the crypto sector and the need for specialized protective strategies.
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One of the core issues for crypto entrepreneurs is the "visibility paradox." Promoting oneself and one's company, which is often an essential component of their business success and investor assurance, also enhances risk. Social media presence and engaging with the media to promote one's business can provide criminals with information about potential targets.
To limit the risk, security experts suggest:
Limit the visibility of your wealth and sensitive personal information online.
Avoid exchanging peer-to-peer (P2P) with people you don't know.
Utilize privacy controls on social media and in other public venues.
The recent attacks have sparked a larger collaborative effort between the crypto industry and law enforcement. Private security firms report increased requests for personal security services from crypto professionals. Much more attention has recently been paid to developing comprehensive security plans or systems that combine technology and protection.
This partnership is aimed at creating a more secure cryptocurrency industry capable of responding to and preventing sophisticated threats.
The increased targeted attacks against crypto entrepreneurs in France show how vulnerable the digital asset space can be. As the industry matures and integrates more into the greater financial system, it is imperative that security measures be multifaceted.
By taking a proactive approach, collaborating with law enforcement and the private sector, and keeping personal and digital security top of mind, crypto entrepreneurs will be better positioned to protect themselves and their families from emerging threats.
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