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Home Market Research Cryptocurrency

Alleged Crypto Kidnapping Boss Captured

by TheAdviserMagazine
8 months ago
in Cryptocurrency
Reading Time: 3 mins read
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Alleged Crypto Kidnapping Boss Captured
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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

A 24-year-old French-Moroccan man has been arrested in Morocco after being linked to a string of recent kidnappings in France aimed at stealing crypto. Based on reports, Badiss Mohamed Amide Bajjou was taken into custody by Morocco’s national police on June 4.

He was reportedly carrying several bladed weapons and multiple mobile phones at the time of his arrest. French justice officials had asked for his extradition after Interpol issued a Red Notice in 2023.

Arrest In Morocco

According to French authorities, Bajjou was found in possession of weapons that suggested he was working with a larger group. He was located thanks to coordination between French and Moroccan law enforcement.

On June 4, France’s Minister of Justice, Gérald Darmanin, publicly thanked Morocco via an X post for the swift action. The post highlighted “excellent judicial cooperation” and noted that this arrest was a serious blow to organized crime networks targeting crypto holders.

A mugshot of Bajjou from 2023. Source: Interpol

Failed Kidnapping Attempt On May 13

Based on reports, the most recent incident involved masked assailants trying to abduct the daughter and grandson of Pierre Noizat, the CEO of French crypto platform Paymium. This took place in broad daylight on May 13.

A short video clip shows Noizat’s daughter fighting back, with help from bystanders. They managed to push the attackers into a van and force them to flee. No money was taken, but the boldness of the attack shocked local residents.

Earlier Abductions And Ransom Demands

On May 3, Paris police freed the father of a crypto entrepreneur after he had been held for several days. Kidnappers had demanded a ransom of 7 million euros ($7.8 million). The victim was released thanks to a targeted police operation.

BTC is now trading at $105,826. Chart: TradingView

Going back to January 21, Ledger co-founder David Balland was abducted from his home in central France in the early hours of the morning. He was held until January 22, when police rescued him in a nighttime raid.

Interpol Red Notice And International Efforts

Interpol first flagged Bajjou in 2023, linking him to prior kidnappings and other crimes. Based on those alerts, French officials have been monitoring his movements for months.

International cooperation has been key in tracking suspects across borders. Morocco’s willingness to act on France’s request suggests growing ties in combating crypto-linked crime. Officials say more arrests could follow as investigations continue.

Government Response And Security Steps

French law enforcement is now offering extra protection to crypto executives and their families. Measures include priority phone lines, home security checks, and safety briefings.

Authorities said these steps aim to prevent more attacks. Police are urging anyone holding significant crypto assets to be cautious. They recommend simple practices like avoiding public displays of wealth and keeping emergency contacts handy.

Featured image from Pexels, chart from TradingView

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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