France's Crypto Crime Surge
France confronts surge in crypto kidnappings; new security plan launched to combat rising crime.
Anonymous
Key Points
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France has launched a dedicated prevention platform along with a rapid warning and protection system for crypto investors this year, with about 724 individuals already registered.
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The security plan calls for creating a network of ADAN-linked experts to bring together industry players and state agencies for coordinated responses.
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Notable 2026 cases include February's home intrusion at Binance France's CEO residence (two phones stolen), March's fake police officers who robbed a couple of 900,000 euros in Bitcoin, and April's extortion of 700,000 euros from a family.
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Criminals increasingly exploit data leaks to identify crypto holders, with about 50,000 Waltio users affected by breaches that expose names, addresses and holdings.
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Industry events are tightening security, evidenced by Paris Blockchain Week’s heightened precautions and a GIGN operation that rescued a mother and child targeted for crypto ransom.
France recorded 77 cases of kidnapping, unlawful detention, and extortion linked to cryptocurrency in just the first half of 2026 — already 71% more than the 45 cases logged across all of 2025, according to CryptoBriefing. Interior Minister Laurent Nuñez unveiled a three-pillar security plan on July 1, calling the surge "a new frontier of organized crime where digital wealth meets physical brutality."
France now accounts for roughly 40% of all crypto ransom attacks in Europe and about 70% of so-called "wrench attacks" — crimes where criminals use physical force to steal digital assets, CoinCodex reported. Around 200 suspects have been arrested so far in connection with these crimes.
A Violent First Half Fueled by Data Leaks
By April 30, France had already logged 41 incidents — nearly matching its entire 2025 total in just four months, according to CoinGabbar. Authorities link the spike directly to data leaks. A breach at Waltio, a popular French crypto-tax app, exposed the names, home addresses, and precise holdings of roughly 50,000 users. Criminals used that data as a roadmap to find and target victims.
Security experts say crypto is uniquely dangerous as a ransom target. "Unlike a bank transfer, it cannot be reversed once the victim is released," security consultant Marc-Antoine Ledieu told News Bitcoin. Ransom demands in 2026 have ranged from hundreds of thousands to over one million euros.
High-Profile Attacks Targeting Executives and Families
The year opened with a string of bold attacks. On February 14, criminals broke into the home of Binance France's CEO and stole two phones carrying high-level account access, U.Today reported. On March 11, a couple was robbed of €900,000 in Bitcoin by criminals posing as police officers.
In April, an organized gang extorted €700,000 from a family in a single operation. A month later, France's elite GIGN tactical unit — equivalent to a military hostage rescue team — conducted a rescue operation to free a mother and child held for crypto ransom, according to CryptoBriefing.
France's Three-Pillar Plan to Fight Back
Minister Nuñez's new plan rests on three pillars: better intelligence sharing between agencies, a formal partnership with ADAN — France's main crypto industry group — and stronger coordination to disrupt criminal networks that often operate from abroad, News Bitcoin reported. A dedicated prevention platform is already live, with 724 investors registered for a rapid warning and protection system.
Under the plan, ADAN will help build a network of security experts bridging industry players and state agencies. ADAN leadership welcomed the move but urged caution. "The focus must remain on the privacy-preserving nature of the technology," the group said, warning against measures that could turn the platform into a state registry of crypto holders, according to CoinCodex.
Investors and Events Tighten Security as Risks Grow
Paris Blockchain Week responded with strict new rules in 2026: no public display of wealth, no luxury watches, no brand-specific crypto apparel, and private security for all speakers. Authorities advise all crypto holders to use hardware wallets — physical devices that store keys offline — and to stop publicly disclosing how much they hold, according to CoinGabbar.
The violence is already shaping investor behavior. Analysts warn of a potential "crypto-flight," with wealthy holders considering moves to Switzerland or Dubai if attacks continue to outpace arrests. Opposition lawmakers have also criticized the government, noting that 724 registered users on the new protection platform is a fraction of the tens of thousands believed to be at risk, CryptoBriefing reported.
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