French Government Takes Steps to Protect Crypto Industry Personnel After Kidnappings Following a series of kidnappings targeting industry figures in France, including a failed attempt on the daughter and grandson of a crypto exchange CEO, the government has agreed on a series of steps to enhance protection for crypto professionals. These measures include strengthening collaboration with internal security officers to safeguard personnel.
A meeting was held with Minister of the Interior Bruno Retailleau, ‘Director General of the National Police and Gendarmerie’ , and industry representatives to discuss measures to tighten security for crypto professionals.
Crypto professionals are experts in cryptocurrency and blockchain technology.
They possess a deep understanding of the underlying code, protocols, and applications.
With the growing demand for digital currencies, these specialists are in high demand across various industries.
According to a report by Glassdoor, crypto professionals can earn an average salary of $124,000 per year.
The field requires strong technical skills, including programming languages like Python and C++, as well as knowledge of cryptography and data structures.
Following a series of kidnappings targeting industry figures in France, including a failed attempt on the daughter and grandson of a crypto exchange CEO, the government has agreed on a series of steps to enhance protection. These measures include strengthening collaboration with internal security officers to safeguard personnel, providing a security briefing by police units, and implementing training programs to prevent money laundering.
Kidnappings are a serious crime that involves the unlawful seizure and detention of a person against their will.
According to the International Kidnapping Institute, over 30,000 people are kidnapped worldwide each year.
The most common motives for kidnapping include ransom demands, human trafficking, and political activism.
In some cases, kidnappings can be prevented by taking simple precautions such as being aware of surroundings and avoiding isolated areas.
Law enforcement agencies use various techniques to investigate and resolve kidnapping cases, including forensic analysis and negotiation with captors.
The kidnapping incidents have garnered significant attention in recent months, with previous targets including David Ballard, co-founder of crypto-wallet developer Ledger, who was kidnapped alongside his wife. In May, the father of a French crypto millionaire was also taken.
‘I want to reiterate my shock at the seriousness of these criminal acts and my determination to put an end to these unbearable attacks targeting crypto-asset professionals,’ Retailleau said. ‘Just as they attacked banks and jewelry stores yesterday, we will not tolerate these types of incidents in our industry.’
Crypto-asset professionals are individuals who specialize in managing and trading cryptocurrencies, such as Bitcoin and Ethereum.
They often have a strong background in finance, computer science, or economics.
These experts analyze market trends, identify investment opportunities, and make strategic decisions to maximize returns on investments.
According to a report by Glassdoor, the average salary for a crypto-asset professional is around $120,000 per year.
The growth of the cryptocurrency market has led to an increase in demand for skilled professionals who can navigate this complex field.
The meeting has brought together key stakeholders, including representatives from the Association for the Development of Digital Assets (ADAN), to discuss and implement these measures.
