Rising Crypto Kidnappings in France Spark Security Concerns Ahead of ETHCC Cannes

In Brief:

Multiple crypto-related kidnappings in France have raised alarm within the community.

KOL @Cbb0fe and others are backing out of ETHCC Cannes over safety risks.

Amid a troubling spike in crypto-related kidnappings in France, security concerns are mounting within the Web3 community ahead of the upcoming ETHCC conference in Cannes. According to Mars Finance, several recent incidents have targeted crypto investors and professionals, triggering fear among potential attendees.

The most notable reaction came from KOL @Cbb0fe, known in the space as the head of the "Whale Hunting Team," who publicly stated he would not attend ETHCC this year due to safety concerns. "The risk-return ratio is absolutely terrible," he posted. "Stay home and swipe cryptocurrencies safely."

The incidents follow a string of high-profile cases, including attempted kidnappings of family members of crypto founders and direct attacks on known whales—many of which occurred in Paris earlier this year.

With the ETHCC event scheduled to gather some of the most influential builders, traders, and investors in the space, organizers now face heightened pressure to address physical security risks, particularly for those with public digital footprints.

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