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French authorities rescued the father of a crypto entrepreneur in a dramatic police raid after kidnappers demanded millions in cryptocurrency ransom. The incident marks the third crypto-related kidnapping in France this year, highlighting rising violent extortion tactics.
- Kidnappers demanded €5-7M in crypto ransom after severing the victim's finger.
- This is the third crypto-related kidnapping in France in 2024.
- Security experts link wrench attacks to crypto market growth and adoption.
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