After horrific kidnappings, France increases crypto head security. 
An attempt to abduct a crypto boss’s daughter in Paris on May 13.

France is responding to recent kidnappings of top figures in the cryptocurrency industry by taking swift action to enhance their security. The decision is a direct outcome of rising concerns about the security of individuals in the crypto sector in light of several high-profile kidnappings.

On May 13, 2025, a gang of disguised thieves in Paris attempted to abduct the daughter of a prominent cryptocurrency executive. The incident, captured on video, shook France’s crypto industry to its core. It followed several similar crimes in recent months, including the January kidnapping of a Ledger company founder and his partner and the May abduction of another crypto executive’s father. Police eventually freed all the victims, but one abductee lost a finger to his captors. The Ledger kidnappers also collected a ransom in virtual currency before authorities recovered the funds.

Government Pledges Swift Action

France has committed to addressing the increasing security threats in the industry. Since crypto executives are especially at risk due to their engagement in the sector, the government has made a promise to bolster security measures for them. The Interior Ministry assured the public that the government will put additional security measures in place to safeguard everyone, particularly those working in the cryptocurrency sector.

Authorities are enhancing police presence in areas popular among crypto professionals and cooperating more closely with companies to find areas of weakness. Police have apprehended several suspects in relation to the recent attacks. The authorities arrested seven individuals and questioned 10 others after the abduction involving Ledger occurred in May.

The recent surge in the worth of cryptocurrencies has given rise to a new group of affluent people who are now at a higher risk of becoming victims of crime. Criminals exploit the growing perception that no authority can trace transactions made with cryptocurrencies.

Industry Calls for Regulatory Reform

The French crypto industry has asked the government to review certain financial regulations that could be contributing to these growing security concerns. Paymium has warned against the risks associated with regulations requiring large amounts of personal information to be gathered. According to the company, regulations such as the TFR, AMLR6 and the Narcotrafic law create vulnerabilities that make crypto users susceptible to data breaches and cybercrimes.

For Paymium, the safety of many in the European cryptocurrency community is at risk because of regulations that force exchanges to gather massive volumes of personal information.Paymium urged a pause on the implementation of these measures until the potential risks to public security and the protection of citizens’ privacy have been fully evaluated.

Misleading depictions of cryptocurrency as an avenue for quick richness and a tool for illegal activity also contribute to security risks, Paymium noted. Paymium pledged to cooperate with journalists and legislators to dispel misconceptions surrounding the industry and improve the security of people working in it.

Paymium thanked the Interior Minister for making time to discuss their concerns about the current legislation. Paymium has sent its condolences to the affected families and has praised the efforts of the authorities as they seek answers.

The post France Ramps Up Crypto Security After Kidnapping Surge appeared first on Live Bitcoin News.

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Filed under: Bitcoin - @ May 18, 2025 6:58 am