Crypto Industry Under Attack: Kidnappings and Ransom Attempts on the Rise
The crypto industry has become a prime target for kidnappers and ransom seekers, with a string of incidents reported worldwide, particularly in France. As a result, executives and investors are taking extra precautions to ensure their safety, including hiring bodyguards and seeking enhanced security measures.
The Rise of Kidnappings and Ransom Attempts
In recent months, there have been several reported cases of kidnappings and ransom attempts targeting crypto investors and professionals. These incidents have sent shockwaves through the industry, highlighting the need for proactive safety measures and vigilance. According to a Bloomberg report, private security firms are seeing an increase in inquiries for bodyguard services, with more clients signing up for long-term security details.
Enhanced Security Measures in France
French law enforcement officials have announced enhanced security measures for crypto entrepreneurs and investors, following at least three separate kidnapping incidents in 2025. These measures include security briefings and expedited access to police lines in case of emergencies for the entrepreneurs and their families. Additionally, officials have advised crypto investors not to advertise their wealth or wear crypto-branded clothing, which can make them more visible targets.
Recent Incidents in France
One of the most high-profile incidents was the kidnapping of David Balland, co-founder of hardware wallet company Ledger, in January 2025. Balland was held for ransom for several days before being rescued by French police. In another incident, the father of an unnamed crypto entrepreneur was freed from a ransom attempt after French law enforcement officials raided the location where he was being held hostage. The suspects had severed one of the victim’s fingers, a disturbing trend seen in other crypto-related kidnapping cases in France.
The Attempted Kidnapping of Pierre Noizat’s Family
In May 2024, the family of Pierre Noizat, co-founder and CEO of French crypto exchange Paymium, was targeted in an attempted kidnapping. Masked assailants physically assaulted the family on the street and attempted to force Noizat’s daughter and grandson into a van. However, the daughter and another pedestrian managed to fight off the attackers, preventing the family from being abducted. The incident led to a meeting between French interior minister Bruno Retailleau and industry executives to discuss the incidents and propose enhanced security measures.
Conclusion
The recent string of kidnappings and ransom attempts in the crypto industry is a disturbing trend that highlights the need for increased safety measures and vigilance. As the industry continues to grow and attract more attention, it is essential for executives, investors, and professionals to take proactive steps to protect themselves and their families. By working together with law enforcement and private security firms, the crypto industry can reduce the risk of kidnappings and ransom attempts and create a safer environment for all.
