French cryptocurrency executives are grappling with fear after a series of violent kidnappings. Industry leaders are taking security into their own hands, while some demand tougher measures, including deregulation and the right to bear arms for self-defense.
After a series of violent kidnappings, French cryptocurrency executives are increasingly fearful. Alexandre Aimonino, co-founder of a crypto compliance software company, has adjusted his routine, avoiding public transport and industry events to ensure his safety. "Working in the ecosystem feels like having a target on your back," Aimonino said.
The most recent attack took place on Tuesday, when a masked gang tried to abduct the daughter of Pierre Noizat, CEO of Paymium, on a Paris street. This marks the third such incident in recent months, adding to the escalating fears within the crypto community.
The rapid rise of cryptocurrency wealth has made wealthy investors vulnerable. Security experts believe criminals are increasingly targeting crypto bosses, drawn to the perception that cryptocurrencies are easier to launder than cash. This growing threat has raised alarm bells across the industry.
In response to the attacks, some crypto executives are advocating for deregulation to safeguard identities. Others, like Ledger's Eric Larcheveque, are pushing for the legal right to carry arms for self-defense. The government has promised increased police protection, but industry leaders are demanding more.
While France is facing a particular wave of attacks, this issue is not unique to the country. Similar kidnappings and ransom demands have been reported in the U.S., Europe, and parts of Asia, signaling a growing global problem that crypto executives are struggling to address.
Private security firms have seen a significant uptick in requests for protection. Experts like Ben Davis, a UK-based insurance broker, note that the fear surrounding crypto-related kidnappings is no longer just an isolated issue but a widespread concern among the industry's investors and executives.
North Korea has stopped foreign tourists from visiting its new Wonsan-Kalma resort just weeks after it welcomed the first Russian visitors....
U.S. President Donald Trump says Coca-Cola has agreed to use real cane sugar in the U.S., though the company has not confirmed the claim....
U.S. markets closed mostly flat Friday, capping a third winning week out of four....
Netflix has used generative artificial intelligence to produce a visual effects scene in an original series for the first time, marking a new step for...
The U.S. ambassador to Türkiye says Israel and Syria have reached a ceasefire deal supported by Türkiye, Jordan, and regional actors after cross-bor...
Germany, and the UK hailed a major treaty to deepen ties in many areas ranging from defence to immigration. It's the latest push from Britain to reset relations with the European Union after Brexit in 2020. It comes after a recent treaty between France and the UK was signed last week.
France has ended its permanent military presence in Senegal, handing over its last base in Dakar and closing a significant chapter of colonial legacy.
A French court on Thursday ordered the release of Lebanese activist Georges Ibrahim Abdallah, who has served 40 years in prison for attacks on American and Israeli diplomats in France.
Iran’s Supreme Leader Ayatollah Ali Khamenei warned that Tehran is fully prepared to retaliate against any new military attack, saying it could strike harder than during the recent Iran-Israel conflict.
The world’s biggest dance music festival faces an unexpected setback as a fire destroys its main stage, prompting a last-minute response from organisers determined to keep the party alive in Boom, Belgium.
China and the Association of Southeast Asian Nations will send an upgraded ‘version 3.0’ free-trade agreement to their heads of government for approval in October, Chinese Foreign Minister Wang Yi said on Saturday after regional talks in Kuala Lumpur.
Germany's export slump since 2021 is largely driven by deep-rooted competitiveness issues, the Bundesbank warned in its latest report, calling for urgent structural reforms.
Israeli researchers have unveiled an artificial intelligence tool that can determine a person’s true biological age from tiny DNA samples with remarkable precision.
Two Harry Potter actresses, Emma Watson and Zoe Wanamaker, have each received a six-month driving ban after separate speeding offences, both sentenced on the same day at a Buckinghamshire court.
Nepal has banned access to the Telegram messaging app, citing its role in a growing number of online fraud and money laundering cases across the country.
North Korea has stopped foreign tourists from visiting its new Wonsan-Kalma resort just weeks after it welcomed the first Russian visitors.
U.S. President Donald Trump says Coca-Cola has agreed to use real cane sugar in the U.S., though the company has not confirmed the claim.
The U.S. ambassador to Türkiye says Israel and Syria have reached a ceasefire deal supported by Türkiye, Jordan, and regional actors after cross-border strikes this week heightened tensions.
The Trump administration has completed a controversial prisoner swap with Venezuela, returning around 250 deported Venezuelans in exchange for 10 American detainees.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment