Crypto traders are increasingly targeted by kidnappers and extortionists, as evidenced by several recent incidents across the globe. In France, a man was rescued from a trunk after his captors demanded ransom from his son, a crypto influencer. Meanwhile, in Pakistan, a trader was forced to transfer $340,000 in cryptocurrency before being released. The surge in Bitcoin's value has spurred a rise in crypto-related crimes, with ransomware payments exceeding $1 billion in 2023.
