Crypto Boom in France Faces a Dark Reality: Rise in Real-World Attacks. By ChainFabricNews

Image source: Forbes

France has emerged as one of Europe’s most promising crypto hubs, hosting major blockchain events and attracting global investors. But alongside this growth, a disturbing trend has come to light—an increase in violent attacks targeting crypto investors and entrepreneurs. These aren’t digital hacks, but physical crimes, including kidnappings and even torture, aimed at stealing digital assets.

From Screens to Streets

In the last few months, several high-profile incidents have rocked France’s crypto community. One shocking case involved the co-founder of Ledger, a major crypto hardware wallet company, who was kidnapped and had one of his fingers severed to force access to his funds.

In another frightening event, the daughter and grandson of a crypto CEO were kidnapped in Paris. Thankfully, a brave bystander stepped in, using a fire extinguisher to stop the attackers and help rescue the victims. Authorities later arrested over 20 suspects involved in the plan.

These incidents are part of a growing global pattern known as “wrench attacks”—a term used in the crypto world to describe crimes where people are physically forced to give up access to their wallets, often under threat or harm.

Why Crypto Holders Are Being Targeted

Unlike traditional bank accounts, crypto wallets are often managed by individuals themselves. This means if someone gains access to your private key, they can move your funds instantly—without needing to go through a bank or middleman.

Unfortunately, many investors have made their crypto success public through social media. Flashy lifestyles, expensive cars, or even sharing wallet addresses online can make someone an easy target for criminals. And because blockchain transactions are transparent, determined attackers can sometimes trace large wallets and connect them to real people.

How France Is Responding

The French government isn’t sitting quietly. Interior Minister Bruno Retailleau recently held emergency meetings with top crypto companies and executives. He promised increased support from law enforcement, including faster emergency response for victims and better cooperation between police and crypto firms.

Security measures are also being upgraded at major events like EthCC, Europe’s largest Ethereum conference, which recently kicked off in Cannes. Local police and elite security units are now taking extra steps to protect attendees and speakers.

Taking Personal Precautions

As these threats become more common, many crypto investors in France are taking their safety more seriously. Some are hiring private security guards or investing in high-end home protection systems. Others are learning how to better secure their digital assets with tools like multi-signature wallets or cold storage.

Experts recommend keeping a low profile online, avoiding sharing wealth-related content, and using strong privacy measures when managing crypto. Even simple steps like not posting your travel plans can go a long way in keeping you safe.

---

Conclusion

France’s rise in the crypto world is inspiring, but it’s also attracting unwanted attention. As the country works to strengthen its digital economy, safety must become a priority—for both investors and innovators. With the right balance of awareness, security, and community support, France can continue to grow as a leading crypto nation without compromising the well-being of its people.