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France Boosts Security for Crypto Executives After String of Violent Kidnappings

The government announces emergency measures following a botched abduction in Paris targeting the family of Paymium CEO Pierre Noizat.

A man rides his bicycle on Rue Pache street, near the location where a masked gang attempted to kidnap the daughter of a crypto businessman, in Paris, France, May 14, 2025. REUTERS/Gonzalo Fuentes/File Photo
A man walks on Rue Pache street, near the location where a masked gang attempted to kidnap the daughter of a crypto businessman, in Paris, France, May 14, 2025. REUTERS/Gonzalo Fuentes/File Photo
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FILE - French Interior Minister Bruno Retailleau leaves the weekly cabinet meeting, Wednesday, March 19, 2025 at the Elysee Palace in Paris. (AP Photo/Thibault Camus, File)

Overview

  • Four masked men attempted to kidnap the pregnant daughter, son-in-law, and grandson of Paymium CEO Pierre Noizat in Paris on May 13, but were thwarted by the husband and a neighbor armed with a fire extinguisher.
  • The attack marks the third high-profile kidnapping or attempted abduction targeting cryptocurrency executives or their families in France since January 2025.
  • Interior Minister Bruno Retailleau convened an emergency meeting with crypto industry leaders on May 16, announcing enhanced security measures including priority police access, home safety consultations, and safety briefings.
  • French organized crime units are investigating the latest incident, with arrests already made in connection to prior kidnappings earlier this year.
  • The wave of attacks has prompted fear and anger within France's crypto community, with calls for tougher crime enforcement and debates over regulatory reforms to address security vulnerabilities.