Chainalysis CEO offers a clue into recent spate of Paris crypto attacks
The post Chainalysis CEO offers a clue into recent spate of Paris crypto attacks appeared on BitcoinEthereumNews.com.
Some criminal organizations are yet to receive the memo — crypto is traceable — and could explain the recent string of crypto-related kidnappings, says Chainalysis CEO Jonathan Levin. Law enforcement has been increasingly successful at tracing stolen funds and crypto ransom payments, resulting in a “lot of arrests,” Levin said during the 2025 Consensus crypto conference, covered by Cointelegraph. “For whatever reason, there is a perception that’s out there that crypto is an asset that is untraceable, and that really lends itself to criminals acting in a certain way,” he said. “Apparently, the know that crypto is not untraceable hasn’t been received by some of the organized crime groups that are actually perpetrating these attacks, and some of them are concentrated in, you know, France, but not exclusively.” Jonathan Levin (left) says criminals targeting the crypto industry should know that the funds are traceable and law enforcement can track them. Source: Cointelegraph There have been two serious crypto-related attacks in Paris so far this month. On May 13, three assailants attempted to kidnap the daughter and grandson of Pierre Noizat, the co-founder and CEO of French crypto exchange Paymium. Earlier in the month, on May 3, Paris police freed the father of a crypto entrepreneur who was held for several days as part of a 7 million euro ($7.8 million) kidnapping plot. The attacks have prompted France’s interior minister to meet with crypto professionals and address rising security concerns. Last year, blockchain investigator ZachXBT sounded the alarm in October that he’d been receiving messages from multiple victims of crypto home invasion thefts in Western Europe at a much higher rate than other regions. “The message needs to get out there that these payments are traceable and that these units within the law enforcement agencies have actually been very successful at…
Filed under: News - @ May 15, 2025 4:25 pm