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Crypto-linked kidnappings spike in France; PNACO charges 88

France has seen a steep increase in kidnappings and extortion tied to cryptocurrencies since 2023, Le Monde reported, citing the National Office for the Prosecution of Organized Crime (PNACO). PNACO recorded 18 cases in 2024, rising to 67 in 2025, with 47 already logged in 2026—135 cases in total. Across 12 active investigations, authorities have formally charged 88 people, including more than 10 minors. A total of 75 suspects have been placed in temporary detention. Prosecutor Vanessa Péré said investigators have identified individuals repeatedly appearing across multiple cases, pointing to a structured criminal network. Recent incidents cited by PNACO include a December 2025 case in the Charente department in which three masked attackers forced a couple to transfer about €8 million in cryptocurrency, and the January 2025 kidnapping of David Balland, co-founder of hardware wallet maker Ledger. PNACO said it will continue to reinforce nationwide enforcement efforts.
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