France records 77 crypto kidnappings and extortions since January
- —77 incidents since January, including kidnappings, abductions and extortion attempts
- —Police arrested 200 people; more than ten of the 88 charged are minors
- —61% of French people favor self-protection; 74% say authorities are overwhelmed
- —Nexus Mutual has offered kidnap-and-ransom cover since February at 0.75–2% a year
Why it matters: Rising violence against crypto holders in France is pushing investors toward self-defense and insurance products.
Source: Journal du Coin