Six minors were among 25 people charged in a French kidnapping case targeting a crypto CEO's family. Crypto-related abductions are rising, with criminals hiring local muscle for as little as $10,000. The warning: don't advertise your wealth online or through luxury displays if you hold crypto.
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Crypto market is getting more and more dangerous to be a part of. France has just charged 25 people, including 6 miners, in a crypto kidnapping case. Now, what we've seen over the past few months and past few years is an uptick in the amount of crypto kidnappings. This is why you should never reveal how much money you have in crypto on the internet to everyone so that you can become a target. Basically, this guy was the CEO of a crypto exchange, and basically there was a bunch of attempts to kidnap his family members and an abduction as well. They are saying that these suspects are locally hired muscle, and for as little as $10,000, they will carry out these operations. France has been the epicenter of crypto kidnappings. Ultimately, this is extremely disgusting, and this is one of the risks of the crypto market. If you get rich in this market, do not flaunt your wealth. All of these idiots showing cars, watches, Rolexes, all the shit that I'm never gonna buy because it's pointless, right? You'll never see me flexing a watch out here, especially, you know, these idiots that are flexing like Richard Milley's and, and all that. It's, it's dumb, okay? Crypto is a dangerous industry, and it's very depressing to see this stuff happen, right? It's such a dope industry as well. Uh, we stand for freedom and freedom to transact and freedom within the currency and financial system, and these idiots have to go and mess it up for everyone.