Overview
- Badiss Mohammed Bajjou, a 24-year-old Franco-Moroccan suspect, was arrested in Tangier under an Interpol red notice for charges including kidnapping and extortion.
- He is accused of orchestrating a series of abductions of cryptocurrency entrepreneurs and their family members in France since January 2025, notably the kidnapping of Ledger co-founder David Balland.
- Perpetrators sought ransom payments exclusively in digital currencies, underscoring growing security risks within the cryptocurrency sector.
- French Justice Minister Gérald Darmanin praised Moroccan authorities for their cooperation, and officials are now evaluating a formal extradition request in light of complex judicial agreements.
- The broader probe has already led to multiple arrests and prompted Interior Minister Bruno Retailleau to meet with industry leaders to enhance protective measures for crypto professionals.