French Police Rescue Kidnapped Father of Crypto Entrepreneur, Five Arrested

French police rescued the father of a wealthy cryptocurrency entrepreneur after he was kidnapped in Paris and held for ransom, with authorities tracing him to a house south of the city and arresting several suspects. The victim, reportedly in his 50s, was abducted in broad daylight by masked men and suffered injuries including the loss of a finger before his recovery in a weekend raid. Ransom demands reportedly ranged from five to seven million euros, but officials stated no payment was made. This case highlights a growing trend of organized crime targeting individuals linked to the digital asset industry in France, following similar kidnappings earlier in the year, including that of Ledger co-founder David Balland. In both incidents, the perpetrators demanded cryptocurrency payments, and victims were freed through specialized police intervention. Authorities have expressed increasing concern over such crypto-related abductions and extortion attempts.