Crypto’s allure isn’t just attracting investors—it’s drawing criminals, as kidnappers now target crypto holders directly, not just their wallets.
What started seven years ago as ransom demands paid in crypto has evolved into a more terrifying trend: kidnappers are now targeting crypto holders themselves—and their families.
Key Incidents
In South Africa, a man—father of a wealthy crypto entrepreneur—was abducted and had a finger severed before rescue.
In Paris, David Balland, founder of Ledger, and his wife were kidnapped from their home. Ten suspects are now in custody.
Why Crypto Targets Are Vulnerable
As WIRED reported, crypto’s pseudo-anonymity and self-custody culture make holders prime targets for extortion and physical threats.
Unlike traditional assets, crypto doesn’t require a bank visit—just access to a private key, often stored in personal homes or devices.
Industry Response
Executives and high-net-worth crypto holders are increasing security, hiring bodyguards, and rethinking how they store and access their funds.
There’s growing fear that public association with crypto wealth can now endanger personal safety.
A Bitter Irony
The same tech meant to offer privacy and freedom is now making some users dangerously visible and vulnerable to real-world threats.
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