<ul><li>Paris police arrested 12 suspects in crypto-related kidnappings, targeting crypto entrepreneurs and demanding multi-million-euro ransoms. Several minors were among those charged with kidnapping and conspiracy.</li><li>The arrests in Paris were made in connection to plans to kidnap owners and relatives of cryptocurrency businesses, following investigations into high-profile cases involving ransom demands in digital currencies.</li><li>Recent incidents included a kidnapping attempt on the CEO's family member and the rescue of a cryptocurrency millionaire's father, with ransom demands in cryptocurrency. The rise in violent crime targeting those involved in the crypto industry has increased risks.</li><li>To tackle rising risks, police have organized meetings with crypto industry leaders and implemented new security measures. Authorities suspect organized crime groups are behind these incidents and are using digital currencies to conceal their actions.</li></ul>

Paris Cracks Down on Crypto Kidnapping Ring, Arrests 12

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