Crypto-Related Kidnappings on the Rise in Europe

A Brussels court has handed down 12-year sentences to three men for their role in the December 2024 kidnapping of a blockchain investor's wife. The brazen abduction, which took place outside the couple's home, saw the victim forced into a French-registered van and driven towards the coast. Fortunately, the victim's husband was able to contact the authorities, and a lengthy investigation ensued. Police eventually tracked down the suspects and derailed their vehicle into a ditch near Bruges, leading to the arrest of the three adults inside.

The court dismissed the defendants' claims that they were coerced by shadowy "sponsors" and instead deemed the kidnapping a professional hostage-taking. The victims have since relocated for their safety, and the court has ordered the defendants to pay over €1 million in damages.

This case is just one of several high-profile crypto-related kidnappings to hit Europe in recent months. In France alone, there have been over 10 incidents, including the attempted abduction of Paymium CEO Pierre Noziat's family in May. Australian crypto billionaire Tim Heath also narrowly escaped violent abductors in Estonia last month, biting off one attacker's finger to gain freedom.

Law enforcement is working tirelessly to apprehend those responsible for these attacks. Interpol and Moroccan police recently made a significant arrest in connection with the Noziat plot and other crimes, bringing hope that justice will be served.

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