A wave of kidnappings and extortion attempts targeting cryptocurrency figures and their families is escalating across France and other European nations. Organized criminal groups are employing a chilling tactic,

Armed assailants tried to kidnap the daughter and grandson of a French cryptocurrency boss in Paris, police said, in a brazen daytime attack that was caught on camera.

French prosecutors are investigating after a masked gang tried to kidnap the daughter of a crypto businessman in Paris in what is at least the third violent attack targeting wealthy crypto players and their families in recent months.