France detains over 20 suspects in crypto kidnapping plots

France has arrested more than 20 people over two recent kidnapping plots targeting crypto traders in Paris and another attempt in western France, a source close to the case said on Tuesday, asking not to be named.

The arrests are part of an investigation by France’s organised crime office into the May 1st abduction of a crypto-millionaire’s father who was later rescued by French police, the May 13th attempted kidnapping this month of a French cryptocurrency entrepreneur’s daughter and grandson, and a new plot that was foiled Monday near the western city of Nantes, the source said.

The incidents have raised concerns about the security of wealthy crypto-tycoons who have…

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