France Bolsters Security for Crypto Execs After Wave of Violent Attacks

Facing a surge in violent attacks targeting cryptocurrency executives and their families, French authorities are taking steps to enhance security measures. Interior Minister Bruno Retailleau announced the increased protection measures following a series of high-profile incidents, including an attempted abduction in central Paris. The latest incident involved the daughter of Pierre Noizat, CEO of Paymium, as well as previous abductions targeting leading figures in the crypto industry. Authorities now plan to take specific action to prevent and deter further attacks on prominent individuals. The recent kidnapping attempt of David Balland, co-founder of Ledger, highlights the escalating threat, prompting authorities to collaborate with leading crypto executives and law enforcement officials to implement protective measures. The growing frequency of these incidents has sparked concerns about the safety and security of the industry’s leaders. This comes amidst a global surge in crypto kidnappings that have targeted over 50 individuals in the last year, with France bearing a significant portion of this burden.