The attacks have prompted France’s interior minister to meet with crypto professionals and address rising security concerns. Last year, blockchain investigator ZachXBT sounded the alarm in October that he’d been receiving messages from multiple victims of crypto home invasion thefts in Western Europe at a much higher rate than other regions.“The message needs to get out there that these payments are traceable and that these units within the law enforcement agencies have actually been very successful at holding some of those people to account in those kidnapping cases,” Levin said.“And even if it’s not the people that are kidnapping those people, but actually going upstream to the organized crime groups that are orchestrating these,” he added.
However, despite law enforcement having some success in tracking down criminals targeting the crypto industry, Levin says the spate of offline robberies is still a “bleak” situation, and the industry should be taking extra steps to stifle theft as well. “People need to be very careful about what information is shared about them online,” he said.
Crypto kidnapping “not such a profitable business”Levin says he hopes organized crime takes a message from crypto robbers being arrested, specifically, that it’s “not such a profitable business to be in,” and in some instances, the ransom payments might even be recoverable.“There is the ability to potentially recover some of those payments as well.
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Author / Journalist: Cointelegraph by Stephen Katte
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