Crypto execs beef up security following string of kidnappings
In response to a concerning rise in kidnappings targeting cryptocurrency executives and investors, particularly in France, there has been a significant increase in demand for bodyguard services. Security firms, like Infinite Risks International, report more inquiries and long-term contracts from crypto professionals. French law enforcement has recently enhanced their safety measures for the crypto sector, issuing security briefings and facilitating quicker police response in emergencies. They also advised crypto investors against displaying wealth or wearing crypto-branded apparel to minimize kidnapping risks. Notable incidents, such as the kidnapping of Ledger co-founder David Balland in January and an attempted abduction of the family of Paymium's Pierre Noizat, underscored the urgency of these measures, prompting discussions among officials about further protections for high-net-worth individuals in the crypto industry.
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