Crypto User Attacked In France Over Ledger Hardware Wallet

France has reportedly seen one other incident concentrating on cryptocurrency customers, this time involving the kidnapping of a 23-year-old man in a Paris suburb.

In keeping with a Thursday report from French information outlet Le Parisien, the sufferer was kidnapped in Maisons-Alfort and held captive for a number of hours whereas the perpetrators demanded his companion to show over 5,000 euros ($5,764) in money, together with the important thing to a Ledger {hardware} pockets containing an unreported quantity of crypto.

The report prompt that the criminals used violence to extract data concerning his digital property.

The unnamed man was reportedly held captive on Tuesday earlier than being launched within the city of Créteil. As of Thursday, authorities had not reported that any arrests had been made within the case.

The alleged kidnapping and ransom incident was the newest in a collection of crimes involving people concentrating on individuals for his or her crypto holdings, with some circumstances reportedly involving torture for entry to seed phrases or keys. In a single high-profile case in Might, three males tried to kidnap the daughter and grandson of Pierre Noizat, the co-founder and CEO of crypto alternate Paymium.

Associated: France arrests over 12 suspects linked to crypto kidnappings: Report

Worldwide drawback for crypto holders

The circumstances, generally known as “wrench assaults,” are usually not restricted to France. In New York, two people have been indicted for kidnapping and false imprisonment of a vacationer to allegedly acquire entry to his crypto pockets. Information retailers in India, Hong Kong, the Philippines and Spain have released similar stories involving the kidnapping and ransom of crypto holders within the final 5 years.