French prosecutors have officially charged 25 individuals, including minors as young as 16, in connection with a series of attempted kidnappings targeting figures in the cryptocurrency industry and their families. These incidents have alarmed France’s growing digital asset community and raised concerns about security in the sector.

Details of the Charges

The suspects, aged between 16 and 23, are believed to be involved in coordinated efforts to kidnap individuals with significant cryptocurrency wealth. Investigators revealed that these attempts often involved stolen vehicles and fake courier branding as part of the operations. The charges stem from multiple high-profile abduction plots that have shaken the nation.

May 13 Incident in Paris

A key case among the charges is the widely reported kidnapping attempt on May 13 in Paris. Masked attackers targeted the daughter and grandson of Paymium CEO Pierre Noizat in the 11th arrondissement. The attack occurred in broad daylight and was captured on video, which later circulated online. The victims sustained minor injuries and received medical treatment at a hospital.

Authorities believe this incident was part of a broader conspiracy, with other unsuccessful attempts reported, including one the day before and another near Nantes shortly afterward.

Legal Proceedings and Detentions

Of the 25 individuals charged, 18 are currently in pre-trial detention, four are under judicial supervision, and three have requested delayed hearings. Defense lawyers argue that some of the accused were vulnerable youths lured into criminal activities with promises of quick money, unaware of the severity of their actions.

Background and Arrests

The suspects reportedly come from diverse backgrounds, including individuals born in Paris as well as others from Senegal, Angola, Russia, and Châtellerault. The investigation gained significant momentum following mass arrests on May 27, when French police conducted coordinated raids across Île-de-France and Loire-Atlantique.

The operations were led by the Brigade de Répression du Banditisme, France’s specialized anti-gang unit, and aimed at dismantling a network allegedly behind multiple crypto-related abduction attempts. While many of those arrested appear to be foot soldiers and logistics handlers, authorities believe the masterminds behind these schemes remain at large.

Organized Crime and Recruitment Tactics

French officials suspect these kidnapping plots are connected to a criminal organization that recruits operatives via social media platforms to carry out high-risk abductions. Investigators are working to trace the higher-level organizers responsible for orchestrating these attacks.

Industry Response

In response to the escalating threats, French Interior Minister Bruno Retailleau met with cryptocurrency industry stakeholders in May to discuss enhanced security measures. Authorities are urging digital asset professionals to remain vigilant and implement robust safety protocols to protect themselves and their families.

The recent charges highlight the growing risks faced by individuals in the cryptocurrency sector, underscoring the importance of addressing security vulnerabilities as the industry continues to expand.

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