French Crypto Trader Kidnapped Near Paris, Released After Refusing €10K Ransom

A 35-year-old former cryptocurrency trader was abducted near Paris and held captive before being released early Wednesday morning. The kidnappers demanded a €10,000 ransom in crypto but failed to secure payment. The victim, found with visible injuries, marks the latest in a series of crypto-related kidnappings in France.

Authorities launched an investigation after an acquaintance in Algeria received a photo of the victim bound and kneeling. Geolocation traced his phone to Paris's 10th arrondissement. Forensic teams are analyzing evidence to identify the perpetrators.

France has reported at least ten such cases recently, reflecting a troubling global trend targeting crypto holders. The incident underscores the risks associated with digital asset ownership and the need for heightened security measures.