French Police Rescue Kidnapped Father of Crypto Entrepreneur

French police rescued the father of a cryptocurrency entrepreneur in a nighttime raid after he was abducted in Paris and held for ransom, reportedly between 5 and 7 million euros. The kidnappers, who allegedly severed one of the man's fingers, were apprehended at a property in Essonne, with five suspects arrested in total. Authorities revealed that the victim and his son, co-owners of a crypto marketing firm in Malta, had previously received threats. This case mirrors a growing trend of kidnappings targeting cryptocurrency figures, including a recent similar abduction of Ledger co-founder David Balland in France, where physical harm and crypto ransom demands were also involved. Law enforcement agencies are investigating charges ranging from kidnapping and torture to armed extortion, highlighting concerns about the increasing vulnerability of crypto entrepreneurs and their families to violent crimes. French officials praised the swift and decisive police action that prevented further harm to the victim.