French Authorities Arrest Suspects in Cryptocurrency-Related Kidnapping Cases

French law enforcement has arrested additional suspects connected to a series of violent abductions targeting cryptocurrency executives and their families. These arrests are part of an ongoing investigation into a sophisticated kidnapping-for-ransom operation aimed at individuals with significant cryptocurrency holdings.

Details of the Investigation

The latest apprehensions occurred on Tuesday, with suspects being detained under France’s anti-organized crime laws. This legislation allows for up to 96 hours of detention without formal charges, providing authorities with ample time to gather evidence. While the exact number of detainees has not been disclosed, sources close to the investigation confirmed their involvement in the criminal network.

The arrests are directly linked to a high-profile incident on May 1, when the father of a wealthy cryptocurrency entrepreneur was abducted in Paris’s 14th arrondissement. The abduction took place in broad daylight, with four masked men posing as delivery workers forcibly taking the victim into a van. Witnesses reportedly observed the event but were unable to intervene.

Ransom Demands and Rescue Operation

The kidnappers demanded millions of euros in cryptocurrency as ransom. To pressure the family, they reportedly cut off one of the victim’s fingers. After being held captive for several days in a ho

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