The post Paris kidnap attempt highlights need for crypto data security appeared on BitcoinEthereumNews.com.

Over the last few weeks, there has been an uptick in the number of kidnappings linked to the crypto community in the French capital, Paris. The latest one was the attempted kidnapping of relatives of Paymium co-founder Pierre Noizat on Tuesday. The kidnapping situation, which was worsened by the attempt on Tuesday, has seen the French interior minister Bruno Rataileau announce a meeting with crypto professionals to discuss a way forward. According to reports, most of these kidnappings happen because the criminals are looking forward to receiving ransom for those captured. However, the Director of Strategy at French crypto exchange Paymium, Alexandre Stachtenko, has taken a dig at how information related to crypto transfers under EU rules must be collected, calling it a “ticking time bomb.” Paris kidnaps calls for crypto data security According to Stachtenko, the current method is risky and one leak could put people in harm’s way. “If there is a leak of one of these databases from which I can find out who has money and where they live, then the next day it is on the dark web, and the day after there is someone outside your home,” he said. The executive implied that crypto users are not safe because it only takes a platform breach for their details to be in the hands of bad actors. Data theft is something that has been happening in the crypto market over the years, with the latest one related to popular crypto exchange Coinbase. The exchange mentioned that the criminals had bribed and duped their way into stealing digital assets from its users. The exchange then added that the criminals asked for a bribe to keep the crime from coming out. However, instead of paying, Coinbase informed regulators about the crime and has made plans to spend…

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Filed under: News - @ May 18, 2025 11:23 am