In Paris's 11th arrondissement today, three masked and armed men tried to abduct the daughter and two-year-old grandchild of a crypto entrepreneur, according to French police. The incident happened on Rue Pache at noon, with witnesses seeing the men in balaclavas approaching the mother and child. The child's father intervened, leading to a struggle that foiled the abduction. The attackers fled in a van that was later found abandoned nearby, and no injuries were reported. Authorities have initiated a manhunt with anti-gang units to investigate the matter.

The targeted crypto entrepreneur's identity has not been disclosed, but officials confirmed he heads a crypto platform with substantial digital asset holdings. The incident is seen as part of a trend where high-net-worth individuals in the cryptocurrency sector are being financially targeted. This latest event is the third attempted kidnapping involving crypto figures in France since January 2025. Organized criminal groups are believed to be exploiting the lack of regulation in the industry and the high liquidity of digital assets to demand significant ransoms. The investigation is ongoing, and authorities are urging anyone with information to come forward.