The Coin Rise 2025-06-16 09:05:01

TikTok Crypto Trader Kidnapped in France, Released After Failing to Pay Ransom

A 26-year-old crypto content creator on TikTok was reportedly kidnapped in northern France and released after his captors discovered he didn’t have the funds to meet their demands. According to French media outlet Europe 1, the incident occurred on Friday night as the trader was returning home to Juvisy-sur-Orge. The abductors, four in number, demanded €50,000 ($57,000) worth of cryptocurrency but released the victim the next day upon realizing he could not pay. The kidnappers forced the young man into a stolen vehicle and allegedly beat him during the ordeal. He managed to convince them of his inability to meet their demand by showing them the low balance in his crypto wallet. The victim, who has a following of about 40,000 on TikTok where he shares crypto trading content, has been granted six days of work incapacity by French authorities. The country’s Organized and Specialized Crime Division is now actively investigating the case. Crypto-Targeted Kidnappings Across France This incident comes amid a troubling rise in crypto-related kidnappings in France . On May 13, unidentified individuals attempted to abduct the daughter and grandson of Pierre Noizat, the CEO of French crypto exchange Paymium. Earlier that month, on May 3, Paris police successfully freed the father of another crypto entrepreneur who had been held hostage. In a disturbing twist, the kidnappers had reportedly severed one of the victim’s fingers while demanding a €7 million ($7.8 million) ransom. These high-profile cases have raised alarms within both law enforcement and the crypto community. France’s interior minister has reportedly begun holding discussions with local crypto business leaders to address security vulnerabilities and prevent further attacks. Police Crack Down on Crypto-Related Crimes French authorities have intensified their efforts to curb the growing wave of crypto-related crime. According to France 24, police have made multiple arrests in connection with the May kidnapping, including a major suspect apprehended in Morocco on June 4. The Paris public prosecutor’s office also charged 25 individuals on May 31 who were allegedly linked to a broader conspiracy targeting crypto entrepreneurs and their families. As crypto wealth becomes increasingly visible, so too does the need for enhanced security. The recent spate of kidnappings underscores the risks facing influencers and entrepreneurs in the decentralized finance space. The post TikTok Crypto Trader Kidnapped in France, Released After Failing to Pay Ransom appeared first on TheCoinrise.com .

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