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

Seven Israeli Officers Charged in Multimillion-Dollar Crypto Theft Ring

Israeli Security Forces Charged in Crypto Theft Case Israeli authorities have charged seven military and police officers with running a multimillion-dollar theft and bribery ring involving cryptocurrency, marking the second crypto-related criminal case to hit the country's defence establishment in

CryptoFrontier1h ago

Kelp DAO Hack Attributed to Lazarus Group; eth.limo Domain Hijacked via Social Engineering

LayerZero reported that the Kelp DAO exploit, attributed to North Korea's Lazarus Group, led to a loss of $292 million in rsETH tokens due to vulnerabilities in its decentralized verifier network. Additionally, eth.limo faced a domain hijacking from a social engineering attack, but DNSSEC mitigated severe damage.

GateNews11h ago

LayerZero responds to Kelp DAO’s 292 million incident: it indicates that Kelp set up a custom 1-of-1 DVN configuration, and the attacker was North Korea’s Lazarus.

LayerZero issued a statement regarding the $292 million hack suffered by Kelp DAO, accusing Kelp’s self-selected 1-of-1 DVN configuration of making the incident possible. The attacker was the North Korean Lazarus Group. LayerZero emphasized that this incident stems from configuration choices and that it will no longer support this kind of vulnerable setup. In addition, responsibility is still disputed, and no compensation plan has been provided.

ChainNewsAbmedia15h ago

Charles Schwab Explores Prediction Markets Tied to Financial Events Amid Regulatory Scrutiny

Charles Schwab is considering introducing prediction markets for financial events amid growing Wall Street interest, while maintaining a focus on wealth management. Regulatory scrutiny is increasing, especially regarding sports and entertainment wagers, highlighted by recent legislation and concerns over insider trading and market manipulation.

GateNews15h ago

Warren Questions SEC Chair as 2025 Enforcement Actions Fall to Decade Low

Senator Elizabeth Warren accused SEC Chair Paul Atkins of misleading Congress over a decline in enforcement actions, which hit a decade low in fiscal 2025. Warren sought clarification on the regulatory shift, while Atkins defended the changes as a strategic realignment of priorities.

GateNews15h ago

Latam Insights: Brazil Seeks Online Gambling Ban, Venezuela's National Stablecoin Proposal

Welcome to Latam Insights, a compilation of the most relevant crypto news from Latin America over the past week. In this edition, a draft to repeal all online gambling has been introduced in Brazil, a proposal to include stablecoins to help curb currency restrictions rises in Venezuela, and Latam

Coinpedia22h ago
Comment
0/400
No comments