French authorities have charged 25 individuals, including six minors, linked to a series of crypto-related kidnappings. The suspects, aged between 16 and 23, face charges related to plots targeting prominent figures in the cryptocurrency sector. Notably, the group is connected to an attempted abduction involving Pierre Noizat, CEO of the crypto exchange Paymium, and his family. Police reports indicate that this incident was not isolated, with similar attempts occurring shortly before, highlighting a rising trend in such crimes across France. The suspects' backgrounds range from the Paris region to countries like Senegal and Russia, and many have been described as young individuals lured by the prospect of financial gain. With 18 suspects in pre-trial detention, the investigation keeps expanding, but the masterminds remain unidentified. This surge in crypto-related kidnappings has prompted discussions on security measures between government officials and crypto firms. Insurers are also introducing specialized policies for potential kidnapping threats targeting crypto investors, reflecting the broader physical risks associated with cryptocurrency.

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