Trader Abducted, ZKJ Token Crashes in Day of Crypto Turmoil
The post Trader Abducted, ZKJ Token Crashes in Day of Crypto Turmoil appeared on BitcoinEthereumNews.com.
In France, a 26-year-old TikTok content creator was kidnapped and later released when his captors discovered he lacked the funds to meet their crypto ransom demands. Meanwhile, the Polyhedra Network’s ZKJ token experienced a sharp and sudden 83% decline on Binance following a series of irregular transactions, prompting the exchange to adjust its Alpha Points rewards system. French Crypto TikToker Kidnapped and Released After Failing to Meet €50K Ransom Demand France’s growing concerns over cryptocurrency-linked criminal activity intensified this week after a 26-year-old TikTok crypto trader was kidnapped in Juvisy-sur-Orge, a suburb of Paris, on Friday evening. The young trader, who reportedly has over 40,000 followers on TikTok, was abducted by a group of four assailants who demanded €50,000 (around $57,000) in cryptocurrency. The incident marks the latest in a disturbing series of crypto-related kidnappings across France. According to a report published Sunday by French radio station Europe 1, the trader was returning home when the group forced him into a stolen vehicle. The kidnappers physically assaulted him while attempting to extort crypto assets they believed he had access to. However, their plan quickly unraveled when they discovered that their victim lacked the funds to meet their demand. After showing the low balance in his wallet, the abductors released him the following day. The French Organized and Specialized Crime Division is now investigating the case, which adds to a growing list of violent incidents targeting individuals involved in the cryptocurrency sector. This incident is not isolated. Over the past several months, France has witnessed an alarming rise in kidnappings and extortion schemes targeting crypto entrepreneurs and their families. On May 13, a more audacious attempt was made against the family of Pierre Noizat, co-founder and CEO of French cryptocurrency exchange Paymium. Assailants tried to kidnap Noizat’s daughter and grandson in…
Filed under: News - @ June 16, 2025 12:28 pm