A Dangerous Trend: Crypto Heists on the Rise in France

Criminals in France are getting bolder with their crypto heists. Recently, three masked men broke into a home in Manosque. They tied up a woman and threatened her with a gun. Their target? A USB drive full of crypto data. The woman managed to escape and call the police. This is not an isolated incident. France is becoming a hotspot for crypto-related crimes. Last year alone, there were over 70 similar attacks worldwide, with France leading in Europe. Experts say the country's mix of high crime rates, visible crypto wealth, and growing digital asset expertise makes it a prime target.Criminals are drawn to crypto for its global reach and quick transfers. It's easier to move large sums of money across borders instantly. Plus, it's harder to trace than cash or traditional banking. This makes crypto an attractive option for criminals looking for better profits and faster payouts. Making matters worse, a French tax official was indicted last June. She allegedly used tax records to identify crypto investors and passed their information to criminal networks. This insider threat adds another layer of risk for crypto holders. The recent home invasion in Manosque is a stark reminder of the dangers. As crypto becomes more mainstream, so do the risks. Investors need to be more vigilant and take extra security measures. The authorities are also stepping up their efforts. But will it be enough to curb this dangerous trend?