The French government has enacted protective measures to safeguard crypto executives from increasing kidnapping threats, emphasizing the need for heightened security protocols in the industry. As a result of these kidnappings targeting firms like Ledger, the government removed personal addresses from public trade registers, bolstering their security and protecting their privacy. This initiative was spearheaded by Justice Minister Gérald Darmanin and Senator Bruno Retailleau, who acted swiftly to protect crypto entrepreneurs. 🇫🇷
The French government’s swift response includes a new decree, implemented in June 2025, that removes personal addresses from public records to enhance security measures for the executives. Alongside these protection measures, French firms are increasing security spending significantly, mirroring practices by companies like Coinbase, as they invest heavily in protecting their executives.
The legal shift underscores the growing concern over crypto security and privacy. This is a significant development reflecting broader social adjustments as industry stakeholders prioritize both privacy and operational safety. 🔐
The changes signal the need for robust security measures to protect industry players as the digital asset market continues to expand. In line with historical trends, the increased kidnappings have led to greater adoption of privacy-enhancing solutions like decoy wallets and anonymization tools, similar to what we saw during past security threats in the space.