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France Sees Surge in Violent Crypto Crimes, With 41 Cases This Year

France Sees Surge in Violent Crypto Crimes, With 41 Cases This Year

  • An analysis said kidnappings and extortion targeting wealthy cryptocurrency holders are rising sharply in France.
  • Joe Nakamoto said about 70%% of global cryptocurrency-related wrench attacks are occurring in France.
  • He cited the risk of leaks involving know-your-customer (KYC) data at centralized exchanges and service providers as a factor behind the surge in such crimes.

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Photo: Joe Nakamoto X screenshot
Photo: Joe Nakamoto X screenshot

Kidnappings and extortion targeting wealthy cryptocurrency holders are rising sharply in France, according to an industry analysis. The industry has cited the risk of leaks of centralized know-your-customer, or KYC, data as a key driver.

Wu Blockchain reported on…

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