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France reports over 40 cryptocurrency kidnappings so far this year

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Crypoto-related abductions and confinements, barely known before 2024, have been on the rise

Crypoto-related abductions and confinements, barely known before 2024, have been on the rise

France has seen more than forty cases of kidnappings or hostage takings linked to cryptocurrencies since January, a worrying surge since last year as criminals seek to extort digital currency investors for ransom, authorities said Thursday.

Since late 2024 French authorities have been dealing with a string of kidnappings and extortion attempts targeting the families of wealthy individuals dealing in cryptocurrencies.

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Originally published on doc.afp.com, part of the BLOX Digital Content Exchange.

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