The recent surge in kidnapping and ransom attempts targeting crypto investors and industry professionals, particularly in France, has prompted heightened concerns about personal security within the crypto community. Industry executives are now taking proactive measures to protect themselves and their families in response to these alarming incidents.
In response to the escalating threats, Infinite Risks International, a private security firm based in Amsterdam, has reported an increase in inquiries for bodyguard services from individuals in the crypto sector. More long-term clients are also signing up for private security details to ensure their safety in the face of potential risks.
French law enforcement officials have also announced enhanced security measures for crypto entrepreneurs and investors in light of the recent kidnapping incidents. These measures include security briefings, expedited access to police lines during emergencies, and advice against flaunting wealth or wearing crypto-branded clothing to reduce the risk of becoming targets.
The severity of the situation was underscored by several high-profile kidnapping cases. In January 2025, David Balland, co-founder of hardware wallet company Ledger, was kidnapped and held for ransom before being rescued by French police. In another incident, the father of a crypto entrepreneur was freed from a ransom attempt after a police raid in a Paris suburb. The victim had a finger severed by the suspects, echoing similar crypto-related kidnapping cases in France.
The most recent incident involved Pierre Noizat, co-founder and CEO of French crypto exchange Paymium, whose family was targeted in a brazen kidnapping attempt. Masked assailants assaulted the family on the street and tried to force Noizat's daughter and grandson into a van in broad daylight. Fortunately, the family fought back, preventing the abduction and raising alarm within the crypto community.
The audacity of these crimes has prompted French interior minister Bruno Retailleau to convene a meeting with industry executives to address the security concerns facing at-risk crypto professionals and high net worth investors. The incidents have highlighted the vulnerability of individuals in the crypto industry and the need for increased vigilance and safety measures.
As the crypto industry continues to attract attention from criminals seeking to exploit its perceived wealth, personal security has become a top priority for investors and professionals. By staying informed, taking proactive security measures, and working with law enforcement, individuals in the crypto sector can mitigate risks and protect themselves from potential threats.
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