French authorities are struggling to contain a wave of violent kidnappings targeting members of the country’s cryptocurrency community, leaving many feeling fearful and angry. A series of recent attacks has sparked calls for increased security measures, including the right to bear arms and deregulation of crypto regulations.
The latest incident involved the attempted abduction of Pierre Noizat, CEO of Paymium, from a Paris street in broad daylight. The 23-year-old co-founder of a crypto compliance software company, Alexandre Aimonino, has taken steps to increase his own security, avoiding public transport and skipping industry events.
Crypto experts say that the rapid rise in cryptocurrency prices has attracted wealthy investors who may be vulnerable to kidnappings. Security experts warn that cryptocurrencies are more easily laundered than cash, making them an attractive target for criminals.
The French interior minister has pledged support for the crypto community, while some company founders are calling for stricter regulations and more protection from law enforcement. As a result, some individuals are taking matters into their own hands, hiring bodyguards to increase their security.
The recent attacks have raised concerns about the safety of cryptocurrency investors in France and abroad. With investigations ongoing, authorities are working to determine the motives behind these crimes and prevent future incidents.
Source: https://www.reuters.com/world/europe/fear-anger-frances-crypto-community-after-spate-kidnappings-2025-05-16