Key Takeaways:
- Crypto executives are enhancing personal security amid a rise in kidnappings, with France reporting at least three cases in 2025.
- French authorities are providing safety briefings and police access to crypto professionals, urging discretion to reduce visibility.
- High-profile incidents, including the attempted abduction of Paymium’s CEO’s family, have prompted national security responses.
A wave of kidnappings targeting crypto executives has triggered heightened security measures across the industry.
Private firms like Infinite Risks International report a surge in demand for personal protection, particularly in France, where at least three abductions occurred in 2025 alone.
We’re grateful to @bloomberg for shining a light on a critical and often overlooked aspect of the crypto industry in their latest piece: “Crypto High Rollers Go Big on Bodyguards to Deter Kidnappers”.
— Infinite Risks International (@infinite_risks) May 18, 2025
Thank you for your for including our perspective.https://t.co/pa3YQi3c3D
In response, French authorities have implemented enhanced safety protocols, including briefings and priority emergency access for crypto professionals and their families.
The threat became highly visible after several high-profile incidents.
In January 2025, David Balland, co-founder of Ledger, was kidnapped and later rescued.
David Balland, co-founder of Ledger, was kidnapped and tortured in a targeted attack but rescued after 48 hours by French special forces.
— Satoshi Club (@esatoshiclub) January 26, 2025
He’s now safe and even updated his bio with a bit of humor. Absolute savage. 🐐 pic.twitter.com/TWXqha6jCc
In another case, the father of a crypto entrepreneur was abducted and mutilated before being freed in a police raid.
Most recently, on May 13, masked attackers attempted to kidnap the daughter and grandson of Paymium CEO Pierre Noizat in Paris, but were stopped by a bystander.
Officials now urge crypto investors to keep a low profile and avoid flaunting wealth or wearing crypto-branded clothing.
The alarming frequency and brutality of these attacks have prompted French Interior Minister Bruno Retailleau to initiate talks with crypto leaders about new safety strategies.
The industry is responding with increased caution, highlighting the growing physical risks tied to the digital asset boom.
About The Author
Efe Bravo, a seasoned journalist, delivers compelling insights into the cryptocurrency and blockchain industry.
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