Eighteen suspects are currently in pre-trial detention, three have requested a deferred hearing, and four remain under judicial supervision, Le Monde reported.

Crypto CEO’s Family Targeted In Failed Abduction

The investigation focuses on a failed May 13 kidnapping attempt in Paris’ 11th arrondissement. The intended victims were the daughter, son-in-law, and grandson of Paymium CEO Pierre Noizat. CCTV footage showed four masked attackers violently confronting the family. All three were hospitalized and treated for minor injuries.

Authorities believe this was not an isolated incident. A similar attempt had failed the night before, and another kidnapping operation near Nantes was thwarted days later.

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The suspects come from varied backgrounds, including regions in France and countries like Senegal, Angola, and Russia. Defense attorneys say many were “young and lured by money, unaware of the consequences.”

Plot Leaders Still Missing

French law enforcement believes the arrests have so far only netted the lower-tier operatives and logistics personnel. The main orchestrators of the kidnapping ring remain unidentified.

This case is part of a broader trend of physical attacks tied to digital wealth. In January, Ledger co-founder David Balland and his partner were abducted. On May 1, the father of a crypto millionaire was also targeted, with links to the same network.

France’s Interior Minister Bruno Retailleau recently met with crypto industry players to address the growing threat. As a result, new cooperation protocols were announced, including home security assessments conducted by police and gendarmerie officers.

Insurance providers are also entering the space. At least three firms are now developing custom kidnap and ransom (K&R) policies tailored for crypto investors. Meanwhile, security firms report a surge in demand for private protection from industry figures.

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The post 25 Charged In Paris Crypto Kidnapping Ring As Ringleaders Remain Free appeared first on Coin Engineer.

This month’s report shows significant growth, with a 32% increase in total wallet holdings of BTC, ETH, USDT, and USDC. Strong gains in BTC and ETH were the main contributors, while stablecoins like USDT and USDC showed steady growth. This highlights OKX‘s commitment to maintaining transparency and trust in the digital asset industry.

OKX has maintained reserve ratios of over 100% for 22 of its most frequently traded assets, reinforcing its commitment to safeguarding customer funds.

Current reserve ratios for primary assets are as follows:

• BTC: 104%
• ETH: 102%
• USDT: 104%
• USDC: 100%

The PoR program works alongside other security measures, including AI-powered blockchain monitoring tools, multi-billion-dollar insurance funds, and comprehensive encryption systems. These components form part of a broader security infrastructure designed to protect customer assets.

Last month, OKX marked two years of consecutive monthly PoR reports, reinforcing its leadership in transparency within the digital asset space. This showcases OKX as one of the few exchanges fully committed to transparency and security.

So far, over two million customers have used OKX‘s PoR verification tool. The exchange encourages all users to verify their assets through the platform, supporting crypto’s ethos of “don’t trust, verify.”

Insurance Funds are available only in specific markets, adding another layer of security to the services OKX provides.

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