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Kidnappers Release Crypto Trader Because Of Low Balance

June 16, 2025Updated:June 16, 2025No Comments2 Mins Read
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Kidnappers Release Crypto Trader Because Of Low Balance
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A crypto dealer who creates content material on TikTok was reportedly kidnapped in France on Friday after which launched a day later when the abductors found he didn’t have sufficient funds to cowl their extortion calls for.

The 26-year-old crypto TikToker was snatched on Friday evening whereas returning house to Juvisy-sur-Orge in Northern France, in line with a report on Sunday by French radio station Europe 1, with the abductors demanding he hand over 50,000 euros ($57,000) in crypto. 

TikTok crypto dealer didn’t have the cash

The 4 thieves reportedly compelled the dealer right into a stolen automobile. He was additionally overwhelmed through the incident.

Nonetheless, the crypto dealer, who has 40,000 followers on TikTok, was launched on Saturday after he revealed he couldn’t pay and confirmed the abductors the low stability in his account.

Kidnappers Release Crypto Trader Because Of Low Balance
Supply: Beau

France’s Organized and Specialised Crime Division is at the moment investigating the incident and the dealer has been given six days of French work incapacity advantages, in line with Europe 1. 

French crypto kidnappings on the rise

France has seen an uptick in crypto kidnappings this 12 months, which has even prompted the nation’s inside minister to fulfill with crypto entrepreneurs to deal with rising safety issues.

On Could 13, assailants tried to kidnap the daughter and grandson of Pierre Noizat, the co-founder and CEO of French crypto trade Paymium.