France Boosts Security for Crypto Entrepreneurs After Kidnapping Surge

French authorities have implemented enhanced security measures for crypto entrepreneurs and their families following a series of violent kidnapping attempts. The government aims to curb what officials describe as a concerning increase in such attacks. Interior Minister Bruno Retailleau has offered priority access to police emergency lines for those in the crypto sector, along with home security assessments and safety briefings from law enforcement. These measures are designed to prevent, dissuade, and hinder further assaults.

This year alone, France has witnessed three major incidents targeting crypto industry figures. On May 13, attackers attempted to kidnap the daughter and grandson of Paymium CEO Pierre Noizat in broad daylight. On May 3, Paris police rescued a crypto executive’s father who had been held for several days in a €7 million kidnapping plot. Earlier, on January 21, David Balland, co-founder of hardware wallet maker Ledger, was taken from his home and held overnight until a police raid secured his release the next day.

Law enforcement records indicate that there have been over 150 crypto-related robberies or kidnappings since 2014, with 23 cases occurring in 2025 alone. This rise has alarmed both officials and industry leaders. Many of the criminals track potential targets via social media posts, meetups, and public events before making their move.

Bitcoin cypherpunk Jameson Lopp has warned against peer-to-peer trades with strangers and advised against flaunting wealth on social channels or wearing crypto-branded gear in public. His tips include splitting holdings between “hot” and “cold” storage, using regulated exchanges, and hiring vetted security teams for high-risk individuals.

Some industry insiders expect France to form a dedicated crypto-crime task force, while others believe tougher prison terms for ransom kidnappers could act as a stronger deterrent. Executives are likely to rethink their visibility at conferences and online. As the crypto market grows, so does its appeal to criminals. With these new measures, France hopes to stay one step ahead of those who see digital assets as a quick way to make a ransom demand. Authorities say they will continue to adjust their approach as needed, monitoring the situation and listening to families who feel exposed.