Crypto Kidnappings Rise in France, Lawmakers Act

Crypto Kidnappings Rise in France, Lawmakers Act
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A TikTok crypto influencer was kidnapped in France but released when his attackers discovered he couldn’t pay the ransom. This incident highlights a surge in ‘wrench attacks’ targeting crypto holders, prompting lawmakers to propose protective measures.

  • French MP Paul Midy proposes a law to protect crypto figures by limiting access to their home addresses.
  • French police arrest suspects in a high-profile crypto kidnapping case, including the alleged mastermind.
  • Trezor warns that crypto ransoms are traceable, urging offline backups and multi-wallet setups for security.
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