French authorities have arrested around 20 individuals in connection with a wave of kidnappings and attempted abductions targeting cryptocurrency industry figures and their families, according to French media reports.
The arrests were carried out over two days, with a dozen suspects detained on Monday in the town of Couëron, near Nantes, and at least six more taken into custody on Tuesday. The crackdown follows a shocking attempted kidnapping in Paris earlier this month that brought the issue into sharp focus.
On May 13, attackers targeted the pregnant daughter of Pierre Noizat, a prominent figure in France’s crypto sector. She was walking with her partner and child when the assailants tried to force her into a vehicle in broad daylight. The failed abduction, captured on surveillance cameras, sent shockwaves through the country and prompted swift action from authorities.
French Interior Minister Bruno Retailleau responded to the escalating threat by convening an emergency meeting with leaders from the cryptocurrency industry in mid-May. During the session, he pledged stronger protection measures, including the provision of direct emergency contact channels for those at risk.
“These serial kidnappings will be combated with specific tools, both immediate and short-term, to prevent, deter, and hinder in order to protect the industry,” Retailleau said following the meeting. “The entire state apparatus is fully mobilised to track down the perpetrators and instigators of this violence and put them out of action.”
While details on the suspects remain limited, investigators believe the network behind the attempted kidnappings may have been operating in an organized manner, potentially targeting crypto leaders due to the high-value assets they often control.
The arrests signal a determined effort by French authorities to crack down on criminal activity linked to the booming digital finance sector. As the crypto industry continues to grow, concerns have also risen over the risks its leaders face — particularly in relation to physical security and extortion.
Police continue to investigate whether the incidents were coordinated or part of a broader trend of financially motivated attacks. Officials have not ruled out further arrests as inquiries progress.
The French government’s heightened focus on protecting cryptocurrency professionals comes amid growing recognition of the sector’s economic significance — and its vulnerability to criminal exploitation.