The father of an unnamed crypto entrepreneur was freed by police in Paris, France, during a law enforcement raid of the property where the man was held captive for ransom over several days.
According to reporting from Le Monde, the May 3 raid resulted in five arrests. Local outlet Le Parisien also said the kidnappers demanded between 5 million and 7 million euros, or up to $7.9 million, to release the captive man.
Although the details on the identity of the victims remain scant, likely for security reasons, the crypto entrepreneur and his father co-owned a crypto marketing firm based in Malta, French media reports.
This incident features similarities to the kidnapping of Ledger co-founder David Balland in France in January 2025. Balland was also held for a crypto ransom until he was freed by law enforcement officers