French Minister Calls Crypto Security Meeting After Kidnapping Attempt

May 15, 2025

France’s Interior Minister, Bruno Retailleau, has announced plans to meet with cryptocurrency professionals this Friday to address rising security concerns following a recent kidnapping attempt and other crimes linked to the crypto sector.

The meeting was prompted by a recent attempted abduction involving the daughter and grandson of Pierre Noizat, CEO and co-founder of the crypto exchange platform Paymium. As reported by France 24, Retailleau is scheduled to meet with members of the cryptocurrency industry to explore additional measures aimed at preventing ransom-related kidnappings, following a series of high-profile incidents across France.

“I will assemble businesspeople working in cryptocurrencies, and we have a few of those in France, at the interior ministry to work with them on their security,” Retailleau reportedly told Europe 1/CNews broadcaster. “And so that they become aware of the risks,” he added. 

Noizat’s daughter and grandson were targeted in a kidnapping attempt by armed assailants in Paris on Tuesday. According to authorities, Noizat’s daughter, her partner, and the child sustained minor injuries during the incident and were transported to a hospital for treatment.

Authorities have taken at least nine individuals into custody in connection with the kidnapping attempt, including the suspected ringleader behind the plot.

“We must jointly take measures to protect them,” Retailleau stated. “But we will also find the perpetrators wherever they may be, perhaps even abroad,” he added. 

The attempted abduction marks the latest in a growing series of crypto-related kidnappings reported over the past few months.

In January, Ledger co-founder David Balland and his wife were kidnapped by a violent group in Vierzon, France. The Paris prosecutor’s office then confirmed that Mr. Balland received emergency medical attention after the incident, during which his kidnappers severed one of his fingers.

France’s elite National Gendarmerie Intervention Group executed a critical operation, successfully rescuing Balland. Authorities confirmed that his wife was safely recovered the day after Balland’s rescue.

The incident has sparked renewed calls for enhanced security measures and closer collaboration between law enforcement and the cryptocurrency community to prevent future attacks. Authorities continue to investigate the network behind these crimes, emphasizing the need for vigilance as digital assets become increasingly mainstream.

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Michaela has no crypto positions and does not hold any crypto assets. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Magazine and The Shib Daily are the official media and publications of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.

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