TikTok Trader Kidnapped in France Over Crypto Ransom Demand

Written By:
Pari Shukla

Reviewed By:
Dhara Chavda

Tiktok Trader Kidnapped In France Over Crypto Ransom Demand

Recently, a TikTok influencer with 40,000 followers was kidnapped in France. This shocking incident occurred at late Friday night. The 26-year-old man was abducted as he returned to his home in Juvisy-sur-Orge, a suburb south of Paris, by four assailants who forced him into a stolen Clio car.

The kidnappers took him and asked for €50,000 in cryptocurrency as ransom. But when they found out he didn’t have that much money, the kidnappers have released him on Saturday, after he showed them that he had a low balance, according to Europe 1 report.

This event has worried many because it shows the dangers for influencers and traders in the crypto world, where being visible online can attract trouble. The case is now with France’s special crime unit, which is looking into a rise in crypto-related kidnappings. The French authorities are trying to figure out that how the kidnappers came to know about the trader.

The attackers used a stolen car and planned the crime carefully, which suggests they targeted him because of his online presence. After the incident, some people feel sorry for him, while others warns that one should be careful about showing off the wealth on the social media. 

As the investigation goes on, this incident highlights the security risks for those dealing with the unpredictable crypto market and cryptocurrencies. 

Also Read: Crypto Scam Costs User $7 Million via Fake Cold Wallet on Douyin



TAGGED:
Share This Article
Follow:
Pari Shukla is a Reporter and Writer at The Crypto Times. Apart from being a crypto enthusiast, Pari is a cricket aficionado and has also worked as a Sports Anchor and Writer. When not working, Pari likes to explore Turkish Culture.
Dhara is a crypto content analyst and writer with over 2 years of experience in the industry. Dhara has a deep understanding of the crypto market and is well-versed in various blockchain technologies. Dhara is also an avid trader and stays current with the latest trends and news in the crypto world. With Dhara's expertise and passion for the industry, readers can expect insightful and informative content.