A former crypto trader investigating by Paris police suspected of wrench attack

The former crypto trader is said to have been lured and restrained for a ransom between Paris and Saint-Germain-en-Ray in another wrench attack.

The French crisis of crypto-related aids, which security experts warn, has often become a common incident of worry that it is in the crisis of crypto-related aids that only represents the “top of the iceberg.”

The victim, identified solely as Alexandre, was released around 4am Wednesday and had a swelling face after being unconsciously strangled by his prisoner. Paris’s.

Police recognized the injured man walking around the house and immediately took him into custody for medical check-ups and interrogation.

Wrench attacks add to the disturbing trend of cryptography-related temptations mentioned by cybercrime consultant David Se-hyun Baek Decryption It’s much broader than it’s publicly reported.

“Many cases don’t reach the public eye because victims choose silence to protect their reputation and avoid repeating their targets,” Bek said.

France records the most crypto-related wrench attacks in Europe, and security expert Jameson Ropp’s database tracks around 10 incidents in 2025 alone.

“Because of the cross-border nature of cryptos, in many cases, ransoms are required to move funds and cash out,” said Karan Puhala, founder of the fraud defense platform. Decryptionrefers to the fact that Alexander’s attacker demands the euro rather than the code.

“An attack like this proves that traders and investors should not reveal or show off their profits,” he said.

Baek warns that Alexander’s allegedly being invited to “have seen organized criminal groups and even traditional offline gangs jump into the game, seeing Crypto as an easy and high-value target.”

This follows the abduction and wrench attack of Leisure co-founder David Borland in January, whose fingers were tortured and severed before police saved him.

In June, French police arrested mastermind Badis Mohamed Amido Bazhou in Morocco and charged 25 suspects. Many of them are very young suspects, in a scheme that involves a brutal attack on Pierre Neusatt’s pregnant daughter.

According to Puhara, the pseudonymity of codes combined with its immediate transferability makes them particularly appealing to criminals who are willing to use extreme violence.

He explained that if criminals “do not succeed through online fraud,” they are willing to go “to hurt people and demand ransom through family and friends,” whether the code is stored in a hot wallet, cold wallet or multisig.

Without major changes to individual security practices and international law enforcement cooperation, Bek predicted that the trend in wrench attacks would continue to escalate.

Investigators are examining Alexander’s clothing and skin for forensic evidence, examining the ordeal’s explanation.