Ridiculous: A Crypto Trader Was Kidnapped, but Then Released Due to Low Assets

In a case that has left both law enforcement and the crypto community baffled, a 26-year-old cryptocurrency trader was reportedly kidnapped but later released when his captors found out he did not have enough money in his crypto account. 

The incident occurred in Juvisy-sur-Orge, a quiet suburb in the Île-de-France region, and has since drawn attention due to the unusual motive and outcome.

Crypto Trader Kidnapped in Juvisy-sur-Orge

According to multiple reports, including a detailed account by Europe 1, the young trader was abducted during the night from Friday to Saturday while on his way home. 

The victim, who is known on social media and has amassed around 40,000 followers on TikTok, was forcibly taken by four individuals who drove a stolen Renault Clio.

Initial findings suggest the crypto trader was kidnapped with the clear intention of extorting cryptocurrency. Once inside the vehicle, the victim was reportedly beaten and threatened. 

The kidnappers demanded a ransom of €50,000 to be paid in cryptocurrency, suggesting that they believed the trader held significant digital assets.

Read also: Crypto Kidnapping: Why You Should Not Show Off Your Portfolio

Crypto Kidnapp Ends in a Surprising Twist

However, events took an unexpected turn when the kidnappers checked the victim’s cryptocurrency account. Upon seeing a balance far below the demanded amount, the criminals decided to let him go. 

They seemingly concluded that the trader was not worth the effort and risk, given the low value of his digital holdings. The victim was eventually released, though he suffered physical harm and was later granted six days of medical leave due to temporary incapacity to work.

The case, while unusual, is being taken very seriously. It is now under investigation by the Organized and Specialized Crime Division, a unit responsible for handling complex criminal cases, particularly those involving premeditated or technologically sophisticated crimes.

Read more: Be Careful When Flexing! These Crypto Kidnapping Stories Show Why

A Growing Trend of Crypto-Related Crimes

Though the release of the victim may seem absurd, this incident highlights a concerning trend where individuals believed to be wealthy in crypto assets are being targeted. 

As the popularity of digital currencies grows, so does the interest of criminals looking to exploit or extort traders and investors.

Crypto traders, especially those active on social media, are increasingly becoming targets of scams, cyberattacks, and even physical violence. 

The crypto trader kidnap case in Juvisy-sur-Orge serves as a cautionary tale about the dangers of displaying wealth online or appearing affluent based solely on digital profiles.

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Frequently Asked Questions

1. Why was the crypto trader kidnapped?

The victim was targeted for a ransom of €50,000 in cryptocurrency, likely because the kidnappers believed he had significant digital assets.

2. Did the kidnappers receive any money?

No. Upon checking the victim’s crypto account and seeing a low balance, they released him without collecting any ransom.

3. Was the victim seriously injured?

He was beaten during the abduction and later given six days of medical leave due to temporary incapacity, suggesting moderate physical harm.

4. Who is handling the investigation?

The Organized and Specialized Crime Division is currently handling the case.

5. What can crypto traders do to stay safe?

Traders should avoid displaying wealth online, use security measures both digitally and physically, and be cautious when sharing personal information.