Overview
- A surge in kidnappings and extortion attempts targeting cryptocurrency executives and their families has created a climate of fear in France's crypto sector.
- On May 16, Interior Minister Bruno Retailleau met with key crypto entrepreneurs to address security vulnerabilities and announce new protective measures.
- Immediate measures include priority access to emergency services, domicile security consultations, and security briefings by elite police units such as GIGN and RAID.
- The Association for the Development of Digital Assets (ADAN) will lead industry efforts to promote vigilance and best practices among crypto professionals.
- Debate continues over the adequacy of these measures, with some entrepreneurs calling for judicial reform and even advocating for the right to carry firearms for self-defense.