French authorities have been dealing with a string of kidnappings and extorsion attempts targeting the families of high-worth individuals dealing in cryptocurrencies.
On May 1, he was taken in Paris’s southern 14th arrondissement in broad daylight by four men wearing ski masks who bundled him into a delivery van as passers-by looked on.
He was freed days later by a police tactical unit who stormed the house in a Paris suburb where he was being held.
Since the start of the year crypto-related kidnappings and abduction attempt haves sparked concern about the security of wealthy crypto tycoons, who have notched up immense fortunes from the booming alternative currency business.
The spate of abductions began in January, when kidnappers seized French crypto boss David Balland and his partner. Balland co-founded the crypto firm Ledger, valued at the time at more than $1 billion.
The suspected mastermind of that operation and other similar attacks, 24-year-old Badiss Mohamed Amide Bajjou, was last week arrested in Tangier, Morocco.
Last month, Interior Minister Bruno Retailleau held an emergency meeting with cryptocurrency leaders, with the ministry announcing plans to bolster their security.
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