Kidnapped dad of crypto businessman freed from ransom attempt: Report

French law enforcement officers freed the man after raiding a property in a Paris suburb where he was held captive for ransom.

The father of an unnamed crypto entrepreneur was freed by police in Paris, France, during a law enforcement raid of the property where the man was held captive for ransom over several days.

According to a report by Le Monde, the May 3 raid resulted in five arrests. Local outlet Le Parisien also said the kidnappers demanded between 5 million and 7 million euros, or up to $7.9 million, to release the captive man.

Although the details on the identity of the victims remain scant, likely for security reasons, the crypto entrepreneur and his father co-owned a crypto marketing firm based in Malta, French media reports.

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