Cryptocurrency traders are increasingly becoming targets of kidnapping and extortion, as highlighted by several recent cases. A man in France was kidnapped nearly 500 kilometers away, with the kidnappers demanding ransom from his son, a crypto influencer, through encrypted networks; a trader in Pakistan was forced to transfer $340,000 on Binance; and the CEO of Canada's WonderFi was released after paying a million-dollar ransom for his kidnapping. According to data from 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 security risks for investors.