Crypto Crime Kingpin Nabbed in Morocco After High-Stakes Manhunt

Moroccan authorities just handed the crypto underworld a rare win—collaring an alleged kidnapping boss tied to digital asset extortion schemes. No more beachside hideouts for this one.

Behind the bust: A global dragnet finally pays off. Turns out running a crypto kidnapping ring doesn’t earn you loyalty points—just Interpol alerts and a one-way ticket to extradition.

Finance jab: Meanwhile, traditional banks still can’t decide if crypto is a ‘threat’ or just their slowest competitor.

Arrest In Morocco

According to French authorities, Bajjou was found in possession of weapons that suggested he was working with a larger group. He was located thanks to coordination between French and Moroccan law enforcement.

On June 4, France’s Minister of Justice, Gérald Darmanin, publicly thanked Morocco via an X post for the swift action. The post highlighted “excellent judicial cooperation” and noted that this arrest was a serious blow to organized crime networks targeting crypto holders.

Failed Kidnapping Attempt On May 13

Based on reports, the most recent incident involved masked assailants trying to abduct the daughter and grandson of Pierre Noizat, the CEO of French crypto platform Paymium. This took place in broad daylight on May 13.

A short video clip shows Noizat’s daughter fighting back, with help from bystanders. They managed to push the attackers into a van and force them to flee. No money was taken, but the boldness of the attack shocked local residents.

On May 3, Paris police freed the father of a crypto entrepreneur after he had been held for several days. Kidnappers had demanded a ransom of 7 million euros ($7.8 million). The victim was released thanks to a targeted police operation.

Going back to January 21, Ledger co-founder David Balland was abducted from his home in central France in the early hours of the morning. He was held until January 22, when police rescued him in a nighttime raid.

Interpol first flagged Bajjou in 2023, linking him to prior kidnappings and other crimes. Based on those alerts, French officials have been monitoring his movements for months.

International cooperation has been key in tracking suspects across borders. Morocco’s willingness to act on France’s request suggests growing ties in combating crypto-linked crime. Officials say more arrests could follow as investigations continue.

French law enforcement is now offering extra protection to crypto executives and their families. Measures include priority phone lines, home security checks, and safety briefings.

Authorities said these steps aim to prevent more attacks. Police are urging anyone holding significant crypto assets to be cautious. They recommend simple practices like avoiding public displays of wealth and keeping emergency contacts handy.

Featured image from Pexels, chart from TradingView