In a recent incident in Paris, French police successfully rescued a wealthy cryptocurrency entrepreneur’s father who had been kidnapped for ransom. The kidnapping occurred on Thursday morning and was revealed in a statement from the prosecutor’s office on Sunday. The victim, whose identity remains undisclosed, was reportedly taken due to the family’s rich ties to the cryptocurrency industry. The authorities located him in a home in Essonne, south of Paris, where he was rescued on Saturday night. While he sustained injuries during the ordeal, specific details, including the nature of these injuries, were not released. Reports indicated that one of his fingers may have been amputated by the kidnappers.
Police acted swiftly, detaining five suspects related to the incident: four were found near the hostage location, and the fifth was apprehended while driving a vehicle believed to have been used in the abduction. A range of criminal charges, including kidnapping with torture, are being investigated.
This kidnapping comes in the wake of another high-profile abduction in January, where David Balland, a co-founder of cryptocurrency wallet firm Ledger, and his wife were taken from their home. Police made ten arrests related to that case, where the kidnappers demanded a ransom in cryptocurrency from Ledger’s other co-founder. The elite National Gendarmerie Intervention Group was involved in both rescue operations, successfully freeing Balland and subsequently his wife shortly after their abduction. These incidents highlight the escalating risk of kidnappings targeting individuals associated with the lucrative cryptocurrency sector in France.
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