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The Coin Rise 2025-05-19 09:05:02

Crypto Executives Turn to Private Security Amid Rise in Kidnappings

Crypto Executives Turn to Private Security Amid Rise in Kidnappings

Top figures in the cryptocurrency industry are increasingly turning to private bodyguards and security consultants as kidnapping attempts and ransom threats continue to rise—particularly in France. According to a recent Bloomberg report , the surge in targeted attacks has prompted crypto entrepreneurs and investors to seek personal protection, often on a long-term basis. Infinite Risks International, a private security firm based in Amsterdam, has reported a noticeable spike in demand for executive protection services. The firm says more crypto professionals are requesting bodyguard coverage for both themselves and their families, citing recent high-profile cases of abduction attempts. Kidnappings in France Spark Security Alarms The spike in threats isn’t theoretical—it’s been backed by real, disturbing events. In January 2025, David Balland, co-founder of hardware wallet firm Ledger, was kidnapped and held for ransom before French authorities were able to rescue him. It was one of several recent cases that have rattled the crypto community. In another incident from May 2024, the father of an unnamed crypto entrepreneur was taken hostage in a Paris suburb. French police, acting on intelligence, launched a successful raid that resulted in the victim’s release. Reports from Le Parisien revealed that the criminals had severed one of the victim’s fingers—a gruesome tactic also seen in previous crypto-related kidnappings. Then, just last week on May 13, attackers targeted the family of Pierre Noizat , CEO of French crypto exchange Paymium. Several masked assailants tried to kidnap his daughter and grandson in broad daylight. They were physically assaulted on the street but managed to fight back with the help of a bystander, thwarting the abduction attempt. Government Pushes for Tighter Safety Measures The brazenness and frequency of these attacks have sent shockwaves through the crypto world. In response, the French Law enforcement agencies have introduced new security protocols for individuals identified as high-risk due to their exposure to the crypto industry. These include personalized safety briefings, prioritized access to emergency police support, and explicit advice urging investors not to flaunt wealth or wear crypto-branded clothing, which may inadvertently mark them as targets. French Interior Minister Bruno Retailleau has called for an urgent meeting with crypto industry leaders. The goal: to implement coordinated security measures for high-profile individuals in the space. The post Crypto Executives Turn to Private Security Amid Rise in Kidnappings appeared first on TheCoinrise.com .

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