Cryptocurrency was once thought to be an untouchable, anonymous financial frontier. But in 2025, holding Bitcoin can get you kidnapped—or worse.
As crypto adoption grows globally, so do violent attempts to extract wealth through coercion, torture, and even murder. From Paris to New York to São Paulo, criminals are targeting crypto investors with terrifying precision—and it’s time to face the reality: digital wealth comes with physical threats.
This article explores the exponential rise in crypto-related kidnappings and physical extortion attacks in 2025, including prominent case studies, risk profiles, and the countermeasures your security team should already be deploying.
If you’re a Bitcoin or crypto investor—especially one with public visibility or high-value wallets—read this carefully. It could save your life.
Crypto Kidnappings in 2025: An Alarming Trend
In 2025, crypto kidnappings are happening weekly. According to our operational intelligence reports, Bitcoin holders are now a favored target of organized crime.
From South America to Europe, wrench attacks—where criminals physically force someone to hand over their private keys—are no longer theoretical. They are common.
More alarmingly, data leaks from major crypto exchanges have exposed the identities, locations, and net worth of crypto holders, making them easy to track for sophisticated cartels and state-sponsored crime syndicates.
Recent High-Profile Cases
Paris: Kidnapping Attempt of Paymium CEO’s Daughter & Grandson
Case Details
On May 13, 2025, masked assailants attempted to abduct the pregnant daughter and toddler grandson of Pierre Noizat, CEO of crypto exchange Paymium, in broad daylight in Paris’s 11th arrondissement.
The attackers approached them with knives, trying to force them into a white courier-style van. The daughter’s husband intervened and shielded the two, allowing bystanders to help drive off the assailants—one of whom dropped a gun, and a passerby hurled a fire extinguisher at the vehicle. Minor injuries occurred, but the victims survived.
How Victims Were Targeted
Our intelligence analysts assess this as a highly calculated attack—timed in the morning when the CEO’s schedule was predictable, and on a path they likely traveled daily. The attackers likely conducted reconnaissance through public social media posts, profiling lifestyle habits and identifying a vulnerable moment. Once the child was exposed, it became a high‑value threat vector.
Expert Insight
This attack demonstrates the critical need for information security and operational unpredictability. Bitcoin and crypto holders are being identified through social media posts, podcasts, and crypto conference or meetup attendances. Those who have previously made their crypto activities publicly known must assume that they will be targeted.
These individuals must avoid routine movement and public announcement of travel or family activities. Take alternate routes, generate variances in routines, and strongly consider employing protective details during high-risk hours, especially for family members.
Ledger Co‑Founder Kidnapped; Finger Severed
Case Details
In January 2025, David Balland—co-founder of Ledger, a prestigious crypto wallet firm—and his partner were abducted from their home in central France. Their captors severed one of Balland’s fingers and demanded a €10 million ransom in cryptocurrency. Police mounted a nighttime raid, rescuing the couple after 58 hours and thwarting the ransom demand.
How Victims Were Targeted
Investigations suggest that the assailants had detailed private information about Balland’s residence and lifestyle. Public crypto prominence, residence in a quiet town, and a weak protective stance rendered the targets vulnerable to surveillance and covert attack.
Expert Insight
This case underlines why confidential protection infrastructure is indispensable. We advise clients—even founders—to engage in encrypted comms, secure personal real estate through indirect ownership, and have an executive protection team conduct covert countersurveillance. Had these actions been taken, this attack would likely not have happened or would have been thwarted.
Paris Suburb “Wrench Attack” on Young Crypto Holder
Case Details
A 23-year-old crypto user in Paris’s Maisons-Alfort suburb was abducted and held for several hours. During the ordeal, his partner was coerced into handing over €5,000 in cash and a Ledger hardware wallet. The victim was released in Créteil when ransom demands were met.
How Victims Were Targeted
Here, open exposure likely came from visible luxury—commuting with flashy tech and visibility on public platforms. This “wrench attack” leveraged a close, opportunistic strike.
Expert Insight
Such incidents stress the importance of personal situational awareness and low-profile conduct. We advise investing in anti-surveillance training, using decoy hardware devices, and undertaking threat-informed movement planning with safe staging points en route.
New York: SoHo “House of Horrors” Torture for Bitcoin
Case Details
In May 2025, Italian Bitcoin holder, Michael Valentino Teofrasto Carturan, was allegedly lured to Manhattan by John Woeltz and William Duplessie, who tortured him for nearly three weeks to extract his wallet password.
The victim endured electric shocks, blunt-force trauma, a chainsaw attack, coercive drugging, and confinement with an AirTag collar for tracking. He escaped barefoot and bloodied and contacted police. Investigators uncovered saws, Polaroid photos of abuse, and chilling torture tools.
How Victims Were Targeted
This case appears premeditated with deep personal knowledge—luring via false promise of crypto return, tracking via insider and tech surveillance, and possible monitoring of digital travel patterns or communications. The victim was targeted through nuanced exploitation of crypto trust dynamics.
Expert Insight
This incident emphasizes the need for verification protocols even within seemingly trusted networks. Our clients should implement layered vetting systems when approached with offers, insist on secure and monitored venues, and engage close protection with immediate response capability for meetups even in friendly contexts.
Crypto Wealth And Why Your Family Is Now the Target
The recent wave of kidnappings this year alone marks a new era in organized crime—one where violence is used not just to steal physical valuables but to extract invisible, untraceable wealth stored in digital private keys.
What sets cryptocurrency-related extortion apart from traditional financial crime is this: once the attackers have your keys, the crime is over.
There are no reversals. No transaction flags. No delay mechanisms. No freezing of funds.
Instant Transfers, No Oversight
In the traditional banking system, moving $5M, $50M, or $500M triggers a cascade of compliance checks, banking alerts, and human approvals. For criminals, this makes large-scale financial extraction cumbersome and dangerous.
But in crypto?
All of your wealth can be transferred in seconds to an anonymous wallet across the world. No one can reverse it. No one can stop it. And the attacker never needs to be physically present again.
This is what makes crypto so uniquely attractive to violent criminals. And it’s also why physical kidnapping and torture—not digital hacking—is now the preferred method of extraction.
Why Criminals Are Now Targeting Your Children
Here’s the brutal truth few want to say aloud: criminals don’t need to target you directly anymore.
If you’re a known or suspected crypto holder, your children, spouse, or elderly parents become the ideal leverage points. Criminals know that your private key is more than a password—it’s your entire net worth.
They also know that:
- You’ll do anything to protect your child
- You will comply immediately if your loved one is mutilated or held at gunpoint
- You won’t risk stalling for fear that your family will be harmed—or killed
In France and Brazil this year, there have already been multiple cases where children were used as ransom pawns. In some cases, criminals threatened to cut off a child’s finger or kill them unless the private keys were handed over.
Unlike digital ransomware attacks, where the worst outcome might be data exposure, crypto-based abductions weaponize your family relationships in ways that force immediate compliance.
Digital Protections Mean Nothing Under Physical Duress
Multi-signature wallets, cold storage, biometric devices—none of these protect you when your child is screaming in the back of a van. Criminals have realized this, and they’re now bypassing digital defenses entirely.
Here’s how the logic plays out for organized crime groups:
Barrier | Criminal Workaround |
---|---|
Cold Wallet in Safe | Torture you until you open the safe |
Multi-Sig Wallet | Hold family hostage until all parties sign |
Biometric Wallet (e.g., fingerprint) | Cut off finger if needed or coerce real-time compliance |
Delayed Custodial Transfers | Move to self-custody wallets and demand seed phrase |
The moment you have irreversible, high-value digital assets and your identity is linked to them, you become a target.
Once your private key is in the hands of a criminal, your entire portfolio—Bitcoin, Ethereum, stablecoins—is gone.
Why These Crimes Are Different From “Normal” Extortion
Let’s be clear: traditional extortion seeks to leverage influence or obtain incremental payouts. Crypto extortion is different:
- It ends with a total asset transfer
- It does not require ongoing communication or negotiation
- The criminal can disappear forever with no trace
And unlike kidnappings for traditional ransom—where the criminals must “care for” a hostage to complete a deal—crypto abductions only require one short window of compliance.
This is what makes these crimes so dangerous—and so appealing to rogue groups, cartels, and even disgruntled insiders.
Our Expert Assessment: Why You Must Act Now
As executive protection and hostage rescue professionals, we’ve analyzed and responded to hundreds of security threats. Our conclusion is unequivocal:
If you are identifiable as a crypto holder and have dependents or loved ones, you are not just a financial target—you are a family target.
The only true defense lies in physical countermeasures:
- Executive protection teams for yourself and your family
- Route unpredictability and secure transportation
- Advance threat monitoring and pattern analysis
- Emergency extraction and secure house protocols
This isn’t theoretical. It’s tactical reality. And ignoring it won’t make you safer.
Signs You May Be a Target
- You appear on crypto rich lists or were exposed in exchange data leaks
- You’ve posted travel or luxury purchases online
- You use private aviation or high-end ground transport without security
- You live in or travel through high-risk nations without operational security support
- You’ve had family members followed, surveilled, or approached
If any of the above apply, you’re already a top target for crypto-motivated crime rings.
Basic Security Recommendations for Crypto Holders
Multi-factor wallets and geo-fencing are helpful—but they mean nothing when a gun is pointed at your child’s head.
A K&R insurance policy might pay a ransom, but it won’t save you or your loved ones in the moment. Crypto protection must be physical, not just digital.
- Employ route unpredictability—don’t take the same path twice
- Engage executive protection when traveling or attending high-visibility events
- Consult a risk assessment firm before purchasing property or vehicles
- Train for extraction protocols and conduct family response drills
- Maintain a minimal online footprint—no bragging, tagging, or luxury flexing
Put an executive Protection Solution in Place
At Hyperion, we don’t theorize about these threats—we neutralize them. We offer executive protection packages designed specifically for cryptocurrency holders, including:
- Mobile EP teams for travel
- Secure transport services
- Hostage rescue teams
- International extraction protocols
We operate in 150+ countries with boots-on-ground capabilities and unmatched intelligence sourcing. Whether you’re a DeFi founder, Bitcoin whale, or just someone who values their privacy and security, you are not immune. But you can be protected.
From Paris to Bogotá, we’ve executed both preventive and reactive operations involving crypto-related threats. Our teams are composed of former Tier-1 SOF operators, intelligence professionals, and tactical medics—all experienced in real-world hostage scenarios.
Don’t wait until after you’ve been followed, surveilled, or kidnapped. Contact us today to get a custom protection plan built around your risk profile, routines, and assets.