The father of a crypto entrepreneur was rescued by French law enforcement during a raid in a Paris suburb, where he had been held for ransom. The raid, which occurred on May 3, led to the arrest of five individuals who demanded between 5 million and 7 million euros (up to $7.9 million) for his release. Details about the victims remain limited for security reasons, but it is known that they co-own a crypto marketing firm in Malta. This incident echoes the kidnapping of Ledger co-founder David Balland in January 2025, as both cases involved ransom demands related to cryptocurrency. The rise in such crime correlates with a trend of targeting crypto users and their families for extortion. The article also references other recent ransom attempts in Canada and the U.S., highlighting the growing dangers faced by those in the cryptocurrency space.

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