French police frees kidnapped father of crypto millionaire
By: cryptosheadlines|2025/05/04 13:45:01
0
Share
Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com French police have freed the kidnapped father of a crypto millionaire. According to reports, the French police carried out a weekend raid, freeing a yet-to-be-identified man who was kidnapped in Paris to force his son to pay a ransom.According to prosecutors, the police successfully carried out the raid, arresting five people in the process.In the statement, the prosecutors mentioned that the kidnapped man was traced to an address in the Paris suburb of Essonne, which the police raided on Saturday. The man was abducted in the Southern 14th arrondissement region in Paris on the morning of May 1 by four men wearing ski masks who had bundled him into a car on the said date.French police rescue kidnapped victimAccording to the prosecutors, the victim was the father of a millionaire who made his fortune in crypto. “The victim appears to be the father of a man who made his fortune in cryptocurrencies, with the crime involving a ransom demand,” the prosecutor’s statement said.According to Le Parisien newspaper, the kidnappers had called for a ransom demand, mentioning an amount between five and seven million euros ($5.7 million and $7.9 million).A source close to the investigation told AFP that the kidnappers had already chopped off one of the father’s fingers, with threats to chop off others. “There were fears of other mutilations if police had not raided the property”, the source said.The prosecutors also noted that the number of arrests was raised to five from the initial four, highlighting the appearance of a fifth suspect. They mentioned that the fifth suspect was driving the vehicle likely used by the criminals for their operation, with the statement noting that they were all in their 20s.French interior minister Bruno Rataileau hailed the approach of the police toward the case. “A huge congratulations to the investigators who did an exceptional job in freeing this man and arresting his captors,” he said.He also specifically thanked Police Prefect Laurent Nunez and his staff for their prompt actions. The victim’s wife said during questioning by the authorities that her husband and son, who owns a marketing company managing digital assets in Malta, have been subject to threats in the past.Police set to investigate rise in crypto millionaire kidnappingsThe French police have opened an investigation into the kidnapping, charging the criminals with kidnapping, false imprisonment, and arbitrary detention of a hostage to obtain the execution of an order or condition, armed extortion.The crime was carried out by organized criminal gangs, with all of them also charged for their participation in criminal conspiracy. The investigation was carried out by the Cybercrime Brigade (BL2C) in collaboration with the BRI.Meanwhile, the police have promised to investigate the increase in kidnappings tied to ransom in digital assets in France. In a previous attempt, criminals kidnapped the co-founder of Ledger, a company specializing in safe-keeping digital assets using their wallets. The co-founder David Balland was abducted with his partner at their home near Bourges in France. The criminals also cut off a finger as a sign of warning.The police were alerted after Balland’s business partner received a video of the finger alongside a demand for ransom in cryptocurrency worth around 10 million euros. Balland was eventually freed in a raid, with the police finding his wife tied up in the boot of a car in the Essonne area car park the following day. The police charged nine suspects for the crime, with the gang leader, a 26-year-old, having a police record for kidnapping.Another incident in December 2024 saw the kidnappers take the father of a French crypto influencer based in Dubai. Attackers raided his home and forced him into a car after tying up his wife and daughter. The son received the ransom demands and contacted the police. The police freed his mother and sister immediately, while his father was eventually found in a car park in Normandy the next day.Cryptopolitan Academy: Coming Soon – A New Way to Earn Passive Income with DeFi in 2025. Learn MoreSource link
You may also like
WEEX P2P now supports BDT & LKR—Merchant Recruitment Now Open
To make crypto deposits easier, WEEX has officially launched its P2P trading platform and continues to expand fiat support. We're excited to announce that the Bangladeshi Taka (BDT) and Sri Lankan Rupee (LKR) are now available on WEEX P2P!
Morning News | SK Hynix officially launches the marketing promotion process for its U.S. stock listing; the Central Cyberspace Administration announces the results of the first phase of rectifying AI application chaos, with over 14,000 non-compliant pr...
July 6 Market Important Events Overview
Can Open USD support Stripe's ambitions?
Stripe collaborates with multiple parties to launch OUSD, not only challenging the dominance of USDC but also exposing its trillion-dollar ambition to transition from a "payment interface" to a "next-generation funds settlement network."
Blockchain Capital Partner: AI is rewriting the fundamental unit of labor
The rise of AI is rewriting the basic unit of labor from "positions" and "companies" to "tasks." When programmable labor meets programmable currency, a production line without companies, salary systems, or HR becomes possible for the first time.
The cryptocurrency industry has become a traditional industry
For entrepreneurs and retail investors still in this industry, they should either embrace the current changes or explore the next unpredictable field in cryptocurrency.
Chip frenzy cooling down? Morgan Stanley's Wilson: Funds are shifting towards AI supercomputing giants like Microsoft and Amazon
Morgan Stanley's chief equity strategist Wilson pointed out that the momentum in the semiconductor sector is waning, with the Philadelphia Semiconductor Index having dropped nearly 14% from its peak. Funds are shifting towards AI supercomputing giants like Microsoft, Amazon, and Meta, as well as sec...
Morning Report | Vitalik outlines Ethereum's long-term roadmap, Lean Ethereum will become the third major iteration; SK Hynix seeks to attract more AI investors by listing in the U.S
July 5 Market Important Events Overview
Trump, the best stock trader among U.S. presidents
Trump has almost turned the presidency into a business and maximized the conversion of presidential influence into commercial profits.
From ByteDance to Financial Freedom: How did "Byte Brother" Leto develop his investment judgment skills to achieve a turnaround of 30 million?
Speak with data and signals, validate judgments with A/B tests, and seek asymmetric returns with limited risk exposure.
Selling coins despite a loss of 55 million dollars, the faith in Strategy has reached the interest payment date
The moment faith was securitized, Bitcoin became a bill.
OUSD False Cooperation Controversy? The Credit Game of Stablecoins and Endorsements by Giants
The success of stablecoins does not rely on rallying a group of alliance members for marketing, but rather on whether they have real use cases and genuine users.
Q-Day Countdown: Will Quantum Computing End Cryptocurrency?
In the face of dormant coins being plundered by quantum computing power, should we firmly uphold the unalterable bottom line of "code is law," or should we enforce a soft fork to freeze legacy assets?
The ten years of Cloud on the Air: From corner coffee to global financial infrastructure
How did a remittance company grow into a financial infrastructure that can replace SWIFT; when it really reaches this scale, how should stablecoins be positioned for it; and what can AI integrate into this infrastructure?
$10,000 in TRUMP Token vs. $10,000 in Nasdaq: The "Trump Trade" That Actually Worked in 2026
TRUMP Token lost more than 96% after its launch, while Nasdaq stocks and NVIDIA delivered strong gains. Compare what happened to a $10,000 investment and explore why asset fundamentals matter more than market hype.
The impact of OUSD on Circle, Tether, and Paxos: not a single negative factor, but a more complex reshaping of competition
OUSD will not be the last new competitor; Circle needs to respond more actively in terms of products, distribution, and ecosystem collaboration.
Li Feifei's latest long article: When video generation, robots, and NVIDIA all claim to be world models, we need a taxonomy
Language gives machines a way to talk about the world. The world model is the means by which machines ultimately understand, imagine, reason, and interact with it.
Blaming the desolation of the cryptocurrency world on the rise of AI is a form of intellectual laziness
The emergence of giants signifies a mature business model. Although it will reduce speculative space, there is also enough room for error, allowing for the continuous emergence of new forces.
Strategy Founder: The Next 10 Years of Bitcoin
In the next decade, the biggest evolution of Bitcoin is precisely "responding to change with invariance." The four-year cycle is giving way to capital flows such as ETFs, corporate and sovereign reserves, and bank credit, while digital credit and digital currency will grow layer upon layer on top of...
WEEX P2P now supports BDT & LKR—Merchant Recruitment Now Open
To make crypto deposits easier, WEEX has officially launched its P2P trading platform and continues to expand fiat support. We're excited to announce that the Bangladeshi Taka (BDT) and Sri Lankan Rupee (LKR) are now available on WEEX P2P!
Morning News | SK Hynix officially launches the marketing promotion process for its U.S. stock listing; the Central Cyberspace Administration announces the results of the first phase of rectifying AI application chaos, with over 14,000 non-compliant pr...
July 6 Market Important Events Overview
Can Open USD support Stripe's ambitions?
Stripe collaborates with multiple parties to launch OUSD, not only challenging the dominance of USDC but also exposing its trillion-dollar ambition to transition from a "payment interface" to a "next-generation funds settlement network."
Blockchain Capital Partner: AI is rewriting the fundamental unit of labor
The rise of AI is rewriting the basic unit of labor from "positions" and "companies" to "tasks." When programmable labor meets programmable currency, a production line without companies, salary systems, or HR becomes possible for the first time.
The cryptocurrency industry has become a traditional industry
For entrepreneurs and retail investors still in this industry, they should either embrace the current changes or explore the next unpredictable field in cryptocurrency.
Chip frenzy cooling down? Morgan Stanley's Wilson: Funds are shifting towards AI supercomputing giants like Microsoft and Amazon
Morgan Stanley's chief equity strategist Wilson pointed out that the momentum in the semiconductor sector is waning, with the Philadelphia Semiconductor Index having dropped nearly 14% from its peak. Funds are shifting towards AI supercomputing giants like Microsoft, Amazon, and Meta, as well as sec...
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com



