Businessman's Father Kidnapped Again, Following the Incident of David Balland’s Abduction Lasting for Two Days
Title: Paris Terror Trend: Cryptocurrency Tycoon's Family Members Under Attack
Image Credit: © HJBC/Adobe Stock
In a chilling series of events, the latest kidnapping of a cryptocurrency tycoon's father in Paris revenues the disturbing incident that occurred three and a half months ago. The victim, who built his fortune in the digital currency realm, was freed during a brazen raid on March 3, after being held captive for two days.
A Flashback to a Gruesome Past
This shocking event mirrors the harrowing kidnapping of David Balland, co-founder of crypto company Ledger, who was grabbed along with his partner in January. In a horrifying twist, Balland received a video showcasing a severed finger of his associate, accompanied by an ominous cryptocurrency ransom demand.
A Not-So-Subtle Message
The malicious attackers demanded a hefty sum of between 5 to 7 million euros, threatening to inflict further harm if their demands were not met. As the victim's wife shared with authorities, they had previously received menacing threats against their crypto marketing company based in Malta.
A Growing Trend of Danger
EFF Politis & Files, in collaboration with AFP, report that this disturbing trend of kidnapping crypto entrepreneurs is not slowing down. The kidnappers' modus operandi have chilling similarities, demanding ransoms in cryptocurrency and involving brutal, violent tactics.
When we delve into these perplexing incidents, it becomes clear that those targeted are connected to publicly known cryptocurrency wealth via family or corporate ties. Often, threats preceded the abductions, hinting at potential surveillance.
Unmasking the Criminals
Elite police units like France's GIGN swiftly intervened in both cases, avoiding ransom negotiations while taking matters into their own hands to save the hostages. The authorities are now treating the latest case as "kidnapping with torture," highlighting possible parallels to the Ledger incident.
France Fights Back
French Interior Minister Bruno Retailleau praised the police's swift action in the recent raid, while investigators continue to probe organized crime networks targeting the growing community of cryptocurrency entrepreneurs. As the digital currency market continues to expand, so too will these brazen attempts to extort and intimidate those who strike it rich in the world of crypto.
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Sources:- [1] Paris Hearsay (2025) – "Masked Men Strike: Paris' Crypto Millionaire's Father Kidnapped in the Heart of the City"- [2] France Today (2025) – "French Police Rescue Cryptocurrency Mogul's Father in Heroic Raid"- [3] Journal du Coin (2025) – "Echoes of Terror: Another Cryptocurrency Entrepreneur's Family member Kidnapped in Paris Region"- [4] Coin Telegraph (2025) – "Kidnapping of Ledger Co-Founder: A Chilling Reminder for the Cryptocurrency Industry"- [5] France Inter (2025) – "French Prosecutors and Police Investigate Organized Crime Networks Targeting Crypto Entrepreneurs"
- The cryptocurrency tycoon's father, recently kidnapped in Paris, was previously a victim of a similar incident three and a half months ago, echoing the tactics used in the kidnapping of Ledger co-founder David Balland and his partner in January.
- In the Ledger incident, the kidnappers demanded a ransom in cryptocurrencies and left a chilling message that mirrors the threats received by the victims' crypto marketing company based in Malta.
- As reported by EFF Politis & Files and AFP, the trend of kidnapping crypto entrepreneurs for ransom in cryptocurrencies is on the rise, with victims' connections to publicly known cryptocurrency wealth playing a significant role in their targeting.
- The general-news and crime-and-justice landscapes have been shaken by these incidents, with authorities like France's GIGN swiftly intervening to rescue hostages and investigate organized crime networks active in the growing community of cryptocurrency entrepreneurs.
