Retailleau assured that measures including regular police checks at the residences of cryptocurrency investors, exclusive police briefings for family members of crypto holders, and a dedicated helpline for investors feeling threatened, are soon to be implemented. He pledged the government’s resolve to curtail these heinous acts, akin to its successful efforts in the past to halt bank and jewellery thefts.

The French government’s actions come in the wake of disturbing events where family members of affluent cryptocurrency investors were targeted by criminals. The authorities will now provide a suite of new protective measures to ensure the safety of investors. The rising threat of violence against crypto investors has raised concerns among French authorities about potential brain drain from the country if entrepreneurs are unable to operate their businesses without fearing for their personal safety.

Among the measures to be introduced, Retailleau mentioned a new training program for law enforcement officials, focusing on “anti-crypto asset laundering”, to tackle the growing menace of crypto abductions.

In a shocking incident, a crypto entrepreneur’s daughter was seen being forcefully pulled into a van by masked men. The entrepreneur, Pierre Noizat, the CEO and founder of Bitcoin exchange Paymium, reported that his son-in-law sustained serious injuries during the incident. Noizat criticised the government’s current efforts, expressing fear that without immediate action, similar incidents will continue to plague the crypto community.

The attempted abduction took place in a wealthy neighborhood in the 11th arrondissement of Paris. Noizat hailed his daughter’s husband for his resistance and a shopkeeper who bravely chased the kidnappers away. Despite the traumatic incident, Noizat expressed gratitude for the courage shown by bystanders.

In another incident, a wealthy cryptocurrency investor was freed from a car trunk after being tortured and soaked in gasoline. The victim was abducted in broad daylight and his finger was severed by the kidnappers to pressure his family into paying a $4 million ransom. These incidents seem to follow a similar pattern, prompting French authorities to ramp up efforts to curb the escalating situation.

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