Crypto: French Justice Dismantles Network Linked to a Swiss Kidnapping

Crypto crime cases related to digital assets are taking an increasingly worrying turn in Europe. In France, a new kidnapping involving a young Swiss person has just been foiled, recalling previous waves of attacks that had sown panic in the Web3 ecosystem. Seven suspects have been arrested, but many grey areas remain.

A Kidnapping that Rekindles Concerns

The scene took place in Valence, France, far from the festive reputation of its Spanish cousin. A Swiss person in their twenties was found tied up in a house near a train station. The operation, involving nearly 150 police officers, led to the arrest of seven individuals during two successive raids. Additionally, a rumor also circulated in Le Bourget, claiming that a CEO was kidnapped in broad daylight.

However, several questions remain unanswered: how long was the victim kept captive? Were they directly linked to the crypto and digital asset industry or simply targeted because of their wealth? And above all, were they freed thanks to a rapid intervention or after the payment of a ransom? Previous cases raise fears that some victims may have had to comply with kidnappers’ demands before regaining their freedom.

A Recurrent Threat to the Ecosystem in France

This is not the first time that France has been shaken by this type of case. In recent months, several founders, CEOs, and influencers linked to the blockchain had already been targeted. The arrests announced at the time seemed to have put an end to this series of attacks. But this new case suggests two hypotheses: either some members of the first criminal network are still active, or new imitators are adopting their methods.

In both cases, the observation is alarming. The rise of Web3 attracts not only investors and entrepreneurs, but also criminals looking to exploit the relative opacity and the highly liquid value of digital and crypto assets. Kidnappings thus add to the long list of already well-known threats in the ecosystem: phishing, hacking, scams.

What Impact on Confidence in Web3?

If these incidents were to multiply, they could slow adoption and the establishment of projects in France. Institutional investors, already cautious, might fear exposing themselves in an environment perceived as risky. As for entrepreneurs, many might be tempted to relocate their activities to countries considered safer.

The French government, aware of the fragility of the Web3 ecosystem, had already intensified its discourse on security a few months ago. But the repetition of such events shows that the issue goes beyond the simple technological framework. It highlights a human challenge: protecting individuals, not just digital assets