Overview

• On June 13 in Juvisy-sur-Orge, a 26-year-old crypto trader with 40,000 TikTok followers was seized at gunpoint and held for over an hour by four assailants driving a stolen Renault Clio.
• The kidnappers demanded €50,000 in cryptocurrency but freed the victim after discovering his bank account held minimal funds.
• Following the ordeal, the trader was prescribed six days of total work interruption due to physical assault and detention.
• This abduction follows a series of similar crimes this year, including the January kidnapping of Ledger co-founder David Balland and an attempted abduction of the Paymium CEO’s daughter in May.
• French police are actively pursuing the suspects and lawmakers are weighing new security and privacy measures for cryptocurrency professionals.