Crypto Entrepreneurs in France Now Under Guard After Kidnapping Surge

Crypto entrepreneurs in France face heightened security risks as a wave of kidnappings targets the industry. In response, French authorities have implemented new measures to protect these innovators and their families.

• French authorities enhance security for crypto entrepreneurs due to kidnapping surge.
• Notable incidents include attempts on Paymium CEO’s family and successful kidnappings of a crypto executive’s father and Ledger co-founder.
• Over 150 crypto-related crimes reported in France since 2014, with 23 cases in 2025.

Rising Crypto Kidnappings in France

The crypto industry in France has been hit hard by a series of kidnappings, prompting a swift response from the government. This year alone, the attempted abduction of Paymium CEO Pierre Noizat’s family and the successful kidnappings of a crypto executive’s father and Ledger co-founder David Balland have sent shockwaves through the community. Since 2014, over 150 such crimes have been reported, with a disturbing spike to 23 incidents in 2025. Criminals often track potential targets via social media, meetups, and public events, taking advantage of the industry’s visibility.

New Security Measures for Crypto Entrepreneurs

In response to these alarming events, Interior Minister Bruno Retailleau has introduced several measures to bolster security. Crypto entrepreneurs now have priority access to police emergency lines, ensuring swift response times. Additionally, home security checks and safety briefings are being provided to help families implement best practices for safeguarding their homes.

These measures are meant to ‘prevent, dissuade and hinder’ any further assaults.

By offering these resources, the government aims to create a safer environment for those driving innovation in the blockchain space.

Personal Security Tips

Bitcoin cypherpunk and security advocate Jameson Lopp has shared crucial advice for crypto entrepreneurs looking to protect themselves. Lopp, known for his comprehensive guides on Bitcoin security, warns against engaging in peer-to-peer trades with strangers—transactions where cryptocurrencies are exchanged directly between individuals without intermediaries. He also advises against flaunting wealth on social platforms or wearing crypto-branded clothing in public. For asset protection, Lopp recommends splitting holdings between hot storage—keeping cryptocurrencies online and easily accessible—and cold storage, where assets are kept offline for enhanced security. Utilizing regulated exchanges and hiring vetted security teams are other key strategies he suggests.

It’s ironic that an industry championing freedom and privacy requires such stringent security measures, but the reality is that the promise of riches in the crypto world attracts not just innovators but also those looking to exploit them.

Future Steps to Combat Crypto Crimes

The French government is not stopping at immediate security enhancements. There is active consideration for forming a dedicated crypto-crime task force to tackle these issues head-on. Additionally, France is exploring the possibility of imposing tougher prison terms for those involved in ransom kidnappings. These steps are part of a broader effort to address the growing appeal of digital assets to criminals as the crypto sector expands.

Impact on the Crypto Community

In light of these threats, crypto executives may need to rethink their public appearances and online presence. Reducing visibility at conferences and online could become a necessary strategy to minimize exposure to potential dangers. While this might seem like a step back for an industry that thrives on openness and collaboration, the safety of individuals must come first.

As the crypto world continues to offer financial freedom and innovation, it’s crucial to acknowledge the dark side that accompanies such potential. The proactive measures taken by French authorities set a precedent for other nations grappling with similar issues, highlighting the importance of vigilance and robust security practices.

Key Takeaways and Questions

• What prompted French authorities to introduce new security measures for crypto entrepreneurs?

  A surge in kidnappings and violent attacks targeting the crypto industry, with notable incidents involving high-profile figures and their families.

• What specific security measures have been implemented by the French government?

  Priority access to police emergency lines, home security checks, and safety briefings to guide families on best practices.

• How many crypto-related crimes have been reported in France since 2014?

  Over 150 crypto-related robberies or kidnappings, with 23 cases reported in 2025 alone.

• What advice does Jameson Lopp offer to crypto entrepreneurs to enhance their security?

  Avoid peer-to-peer trades with strangers, refrain from flaunting wealth online or wearing crypto-branded gear in public, split holdings between hot and cold storage, use regulated exchanges, and hire vetted security teams.

• What future actions are being considered by France to combat crypto-related crimes?

  Forming a dedicated crypto-crime task force and imposing tougher prison terms for ransom kidnappers.

• How might crypto executives adjust their behavior in response to these security concerns?

  They may reduce their visibility at conferences and online to minimize their exposure to potential threats.

The crypto community must remain committed to decentralization and innovation while taking the necessary steps to protect its members from those who seek to exploit the very technology that offers so much potential.