French Authorities Charge 25 in Crypto Kidnapping Case– Coincu
The Paris District attorney’s Office announced charges against 25 people for kidnapping and attempted kidnapping. These suspects, aged 16 to 23, reportedly targeted widely known figures in France’s cryptocurrency sector, including the family of Pierre Noizat, CEO of Paymium. Nineteen suspects remain in pre-trial detention, while the rest face legal and judicial procedures. Bruno Retailleau, France’s Interior Minister, has pledged to boost security measures to protect industry players, stating: The financial impact has been limited, with no direct evidence connecting these events to changes in cryptocurrency asset prices. Substantial wealth was involved, ransom demands reached between EUR5 and EUR7 million and were expected to be paid in cryptocurrency. No significant transactional shifts have occurred within public or private exchanges, as neither Total Value Locked (TVL) nor liquidity levels show signs of change.
“These serial kidnappings will be combated with specific tools, both immediate and short-term, to prevent, deter, and protect in order to secure the market.” – Bruno Retailleau, Minister of the Interior, France
Crypto community reactions stress heightened security concerns among high-net-worth individuals. Public discourse on platforms like Twitter and Reddit reflects anxiety, industry leaders like Pierre Noizat and key figures such as Arthur Hayes, CZ, or Vitalik Buterin have made no public declarations. Community discussions remain active, and French authorities continue to coordinate efforts with key stakeholders to ensure improved defenses for those at risk.
Did you know? In 2019, a Netherlands crypto trader was kidnapped for Bitcoin ransom, raising awareness for crypto community security internationally. Similar events have caused enhanced privacy measures among crypto wealth holders to reduce kidnapping risks. CoinMarketCap reports Bitcoin, currently traded at $103,928.43, holds a market cap of $2.07 trillion with a dominance of 63.63%. Trading volume over 24 hours is $35.67 billion, noting a 31.22% decline. The asset price varied, seeing a 0.34% rise in 24 hours, a 2.97% dip over 7 days, and notable increases of 7.51% in 30 days, 22.24% over 60 days, and 13.00% for 90 days. Bitcoin (BTC), daily chart, screenshot on CoinMarketCap at 09:53 UTC on June 1, 2025.
Insights provided by the Coincu research group emphasize possible security improvements within regulatory environments as essential in the crypto landscape. Previous precedents show increasing personal safety standards, and ongoing coordinated responses suggest possible developments addressing underlying vulnerabilities in wealth protection strategies.
