Cryptocurrency traders are increasingly becoming targets for kidnapping and extortion, with several recent cases highlighting this. A man in France was kidnapped nearly 500 kilometers away, with the abductors demanding ransom from his son, a cryptocurrency influencer, through encrypted networks; a trader in Pakistan was forced to transfer $340,000 on Binance; the CEO of Canada’s WonderFi was released after paying a million-dollar ransom for his kidnapping. According to blockchain analysis firm Chainalysis, ransomware gangs extorted over $1.1 billion from victims using cryptocurrency in 2023. The rapid expansion of the crypto market is attracting more crime, increasing safety risks for investors.