Investigations in France revealed a growing criminal network behind multiple daylight crypto kidnapping attempts, including the recent thwarted abduction of the family of Paymium CEO Pierre Noizat. In 2025 alone, French authorities have arrested over a dozen suspects linked to these ransom schemes demanding millions in cryptocurrency.
Similar trends are happening in the United States, where crypto kidnapping cases have risen sharply alongside increasing crypto valuations. Victims are coerced to reveal private keys under threat, enabling criminals to quickly access digital assets, which are notoriously difficult to recover once stolen.
These developments have prompted France's Interior Minister to boost protections for crypto industry professionals. Industry insiders are also employing private security to mitigate risks. Globally, Europe, North America, and Southeast Asia have witnessed dozens of crypto kidnapping incidents over recent years, signaling a widespread threat.
Experts emphasize that safeguarding crypto assets requires a combination of physical and digital security, including the use of hardware wallets, multi-factor authentication, discrete handling of crypto holdings, and awareness of potential physical threats. Law enforcement agencies are enhancing training and international cooperation to address these unique crimes.
Ultimately, the personal safety of individuals with significant crypto wealth is increasingly intertwined with their digital asset security practices. These alarming incidents highlight an urgent need for vigilance and robust protection measures within the crypto community worldwide.