In recent years, the increasing influence of cryptocurrency has broadened the digital finance landscape. However, the rapidly expanding value of digital currencies has also attracted unwanted attention, leading to a rise in security threats against individuals involved in the crypto sector. As governments globally grapple with these challenges, France has taken significant steps to protect the industry’s stakeholders and their families from potential harm. Through strategic interventions and enhanced protective measures, French authorities aim to curb what they describe as a worrying surge in crypto-related attacks.

France Implements Enhanced Security Measures for Crypto Entrepreneurs

Government Proactive in Ensuring Safety

French authorities, led by Interior Minister Bruno Retailleau, have introduced a series of security enhancements specifically designed for people involved in the cryptocurrency industry. These initiatives include granting priority access to police emergency lines, conducting home security assessments, and offering comprehensive safety briefings for families. Retailleau emphasizes that these efforts aim to “prevent, dissuade, and hinder” any further assaults on crypto entrepreneurs and their relatives.

Recent High-Profile Incidents Underline the Need

The urgency of this initiative is driven by a string of alarming incidents in France. On May 13, an attempt to abduct the daughter and grandson of Paymium CEO Pierre Noizat occurred in broad daylight. Shortly before, on May 3, Parisian police rescued a crypto executive’s father from a kidnapping scheme demanding €7 million in ransom—equivalent to roughly $7.8 million. Earlier in the year, on January 21, David Balland, a co-founder of the hardware wallet company Ledger, was kidnapped and only released after a police intervention the next day.

Increased Threats Since 2014

Since 2014, there have been over 150 crypto-related robberies or kidnappings documented by law enforcement, with 23 cases occurring in 2025 alone. Many crimes are premeditated, with perpetrators often identifying targets through social media, public meetups, and other events.

Expert Recommendations for Personal Security

Prominent figures like Bitcoin cypherpunk Jameson Lopp have highlighted the importance of safeguarding personal security in the crypto sphere. Lopp advises against conducting peer-to-peer trades with strangers, displaying wealth on social media, or wearing crypto-related apparel publicly. He recommends splitting digital currency holdings between “hot” and “cold” storage solutions and operating only through regulated exchanges. For individuals at higher risk, hiring professional security services is also advised.

Looking Ahead: Potential Developments

There are discussions within the industry about establishing a specialized crypto-crime task force in France. Moreover, the implementation of stricter penalties for ransom-related crimes could potentially serve as a strong deterrent. As the crypto market’s allure grows for both legitimate investors and criminal elements, these protective measures are crucial to safeguarding digital asset investors and entrepreneurs. French authorities are committed to continuously adapting their strategies, guided by data and the feedback from those at heightened risk.

Is investing in cryptocurrency still safe?

Investing in cryptocurrency can be safe if done with proper diligence. This involves thorough research, using secure platforms, and keeping abreast of market trends. It is crucial to understand that all investments carry risks, and the volatile nature of cryptocurrency requires investors to stay informed and cautious.

How can individuals protect their cryptocurrency assets?

To protect cryptocurrency assets, it is essential to use hardware wallets for long-term storage, enable two-factor authentication on exchange accounts, and be cautious of phishing scams. Conducting transactions on verified platforms and regularly updating security software can also enhance asset protection.

What actions are authorities taking against crypto-related crimes?

Authorities are enhancing protective measures for individuals in the crypto sector, including priority police services and security assessments. They are also considering forming specialized task forces and implementing harsher penalties for crypto-related crimes to serve as a deterrent.

Through these comprehensive safety measures, France is taking significant strides to protect those at the forefront of the crypto revolution while maintaining the integrity and security of its financial ecosystem.