French police successfully rescued the father of a cryptocurrency rich man

PANews reported on May 5 that according to multiple French media reports, French police successfully rescued the father of a cryptocurrency millionaire through a coordinated raid on the evening of last Saturday (May 3). The victim was kidnapped in Paris last Thursday (May 1).

The report said that the kidnappers asked the victim's family for cryptocurrency worth 5 million to 7 million euros as ransom after the kidnapping, and cut off one of the victim's fingers for pressure. Police eventually located and rescued the victims in a rental property in the southern Paris region of Esson, while arresting five suspects in their twenties on the spot. Authorities confirmed that no ransom was paid before the rescue operation.

A spokesman for the prosecutor's office said the victim was the father of a businessman who gained wealth through cryptocurrency. This incident is the third cryptocurrency-related kidnapping in France this year, and another case known as a "wrench attack" (i.e., obtaining crypto assets through physical violent coercion), with a similar approach to the kidnapping incident encountered by the co-founder of the hardware wallet company Ledger in January this year.