Crypto execs beef up security following string of kidnappings
In response to a rise in kidnappings targeting cryptocurrency executives, demand for personal security has surged. The alarming trend, particularly noticeable in France, has led firms like Infinite Risks International to report an increase in inquiries for bodyguard services. French law enforcement has responded to the crisis by offering security briefings and expedited emergency access to police for at-risk crypto professionals. They also recommend that investors moderate displays of wealth and avoid crypto-branded clothing to reduce vulnerability. The uptick in violence includes high-profile cases, such as the kidnapping of Ledger co-founder David Balland earlier this year and a failed abduction of Pierre Noizat's family. These incidents underscore the need for enhanced safety measures in a sector increasingly exposed to criminal activity.
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