Armed robbers attacked a cryptocurrency executive and his family during a violent home invasion in Verneuil-sur-Seine on Friday evening.
Three gunmen reportedly beat the parents and bound the family with cable ties before fleeing towards a nearby train station.
The family managed to escape and seek help from neighbours after freeing themselves.
The incident is the latest so-called wrench attack, where criminals use physical violence to force victims to hand over crypto assets.
The attack came a day after a 43-year-old crypto investor was kidnapped from his home near Cholet and later abandoned 50 kilometres away.
French investigators said the kidnappers were seeking access to the victim’s cryptocurrency holdings.
Police confirmed the victim’s family had previously faced attempted break-ins linked to suspected crypto targeting.
Earlier in the week, masked intruders held a woman at gunpoint in Manosque while stealing a USB drive containing crypto credentials.
France has recently experienced one of the most visible waves of violent, crypto-linked kidnappings and extortion attempts in the EU.
David Sehyeon Baek said.
Baek warned criminals may be exploiting leaked or misused personal data to identify wealthy crypto holders.
Crypto crime is indeed heavily underreported, and that is not accidental.
David Sehyeon Baek said, citing fears of tax exposure and personal safety.