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French police arrest six after botched crypto ransom attempt in magistrate kidnapping: AFP

The Block
French police arrested six people following the kidnapping of a magistrate and her mother, who escaped without paying a crypto ransom.

Summary

French authorities arrested six individuals, including a minor, after a 35-year-old magistrate and her 67-year-old mother were abducted for a cryptocurrency ransom. The ordeal lasted 30 hours, during which the captors threatened physical mutilation if the ransom, the amount of which was undisclosed, was not paid. The kidnapping occurred after the magistrate's partner, who works at a cryptocurrency startup, received a text message with her photo and the ransom demand. The victims managed to escape by creating noise in the garage where they were held in Bourg-lès-Valence, attracting a neighbor who helped them flee. This incident is part of a recent trend in France involving kidnappings and extortion targeting individuals connected to the cryptocurrency industry, including previous high-profile cases involving Ledger executives and other crypto company families.

(Source:The Block)