FILE – An worker watches an digital signboard displaying the costs of Bitcoin and different cryptocurrencies on the lounge of Bithumb cryptocurrency change in Seoul, South Korea, Nov. 21, 2024.
Ahn Younger-joon/AP
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Ahn Younger-joon/AP
PARIS — French police rescued the daddy of a rich cryptocurrency entrepreneur in a nighttime raid after he was taken hostage for ransom, the most recent alleged legal effort in France to extort folks concerned within the administration of digital property.
The person was kidnapped Thursday morning in Paris, the prosecutor’s workplace mentioned Sunday.
“The victim turned out to be the father of a man who made his fortune in cryptocurrencies, and the incident was accompanied by a ransom demand,” its assertion mentioned, with out giving their names or different specifics about their identities.
Police investigators positioned the hostage in a home within the Essonne area south of Paris, from which he was rescued on Saturday night time, the prosecutor’s workplace mentioned.
It mentioned he was handled for accidents however gave no particulars. French media reported that the alleged hostage-takers minimize off one of many man’s fingers.
Police detained 5 folks — 4 had been in or near the home the place the person was held captive, whereas the fifth was on the wheel of a automobile thought to have been used for the alleged abduction, the prosecutor’s workplace mentioned.
It mentioned the police investigation is an array of attainable legal costs, together with kidnapping “with torture or a barbaric act.”
In January, police mentioned a co-founder of French crypto-wallet agency Ledger, David Balland, was additionally kidnapped together with his spouse from their dwelling within the area of Cher of central France.
Police mentioned they made 10 arrests and that the alleged kidnappers demanded a ransom in cryptocurrency from one other of Ledger’s co-founders.
A raid by France’s elite Nationwide Gendarmerie Intervention Group unit that focuses on hostage conditions freed Balland the subsequent day, adopted the day after that by the liberation, once more by the GIGN, of his spouse, discovered tied up in a automobile, police mentioned.
