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.
or
Share This Story
Article Details
Author / Journalist: Cointelegraph by Stephen Katte
The story "Chainalysis CEO offers a clue into the recent spate of Paris crypto attacks" has 635 words across 18 sentences, which will take approximately 3 - 6 minutes for the average person to read.
Which news outlet covered this story?
The story "Chainalysis CEO offers a clue into the recent spate of Paris crypto attacks" was covered 22 hours ago by Coin Telegraph, a news publisher based in United States.
How trustworthy is 'Coin Telegraph' news outlet?
Coin Telegraph is a fully independent (privately-owned) news outlet established in 2013 that covers mostly crypto news.
The outlet is headquartered in United States and publishes an average of 35 news stories per day.
It's most recent story was published 8 hours ago.
What do people currently think of this news story?
The sentiment for this story is currently Negative, indicating that people regard this as "bad news".
How do I report this news for inaccuracy?
You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
