A recent kidnapping attempt targeting the family of Pierre Noizat, CEO of Paymium, has raised serious concerns about crypto industry security. The armed assailants targeted the CEO’s daughter and grandson while they were walking to school in Paris. No direct statements have been released by Paymium or Noizat, but France’s government has pledged discussions with crypto leaders regarding growing threats within the sector. 2023 is experiencing a rise in kidnapping incidents targeting crypto leaders such as this incident, which highlights ongoing vulnerabilities in the industry’s personal security and data protection. Experts believe that clear traceability of cryptocurrency transactions is needed to combat these types of attacks, prompting a need for enhanced regulation.