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hijacking

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first_img French cryptocurrency practitioners' entire family was kidnapped, approximately $46,000 worth of cryptocurrency was transferred away

A family in the northern French town of Vendin-le-Vieil was invaded and taken hostage by four masked men early Sunday morning. According to BFMTV, the suspects entered the house around 4 AM, binding the couple and their two children with tape, and held them for over three hours. The 40-year-old father, an IT expert in the local cryptocurrency industry, was taken to another room, beaten, and forced to give up access codes, resulting in approximately 40,000 euros (about 46,000 dollars) worth of cryptocurrency being transferred away.According to the Béthune prosecutor's office, the four suspects fled the scene by car and are still at large. The 12-year-old daughter was struck in the face with a car key during the incident, and the victims are in a state of shock; they have been sent for forensic examination and are receiving support from the victims' assistance association. The case has been filed under organized gang kidnapping and extortion and is being jointly investigated by the regional judicial police and the French Cybercrime Office.France is the country most severely affected by such "ransom attacks" globally. Records from the national prosecutor's office for organized crime show that over 70 kidnapping and illegal detention incidents related to cryptocurrency have occurred in the first eight months of 2026, with 88 people already prosecuted in earlier crackdowns this year. Previous similar cases often targeted wealthy individuals, including the father of a cryptocurrency millionaire, the wife of a co-founder of The Sandbox, and the CEO of Binance France, while the victim in this case is merely an ordinary IT professional. Chainalysis reported that global ransom attacks in 2026 resulted in approximately 30 million dollars in losses, while CertiK stated that losses over six months reached 124 million dollars, a 12-fold increase.

Two teenagers in France were arrested for hijacking a cryptocurrency figure with explosives, and the police deployed helicopters for the pursuit

According to DL News, police in the Île-de-France region of France arrested two teenagers (aged 15 and 17) and a 35-year-old man, all suspected of carrying out two armed kidnappings targeting cryptocurrency holders on March 10 in the Île-de-France region.Reports indicate that the first incident occurred in the Essonne department in the southern suburbs of Paris, where the suspects, wearing masks and carrying small explosive devices, attempted to break into the home of a cryptocurrency holder but failed. About 30 minutes later, another incident took place in the Seine-et-Marne department, where the suspects successfully broke into the home of a female cryptocurrency holder, kidnapped her family, and stole jewelry; it has not been disclosed whether cryptocurrency assets were also stolen.The police subsequently tracked the suspects' vehicle, deploying about 100 armed special police officers and two police helicopters to pursue them, intercepting the vehicle after approximately 6 hours and discovering the stolen jewelry inside. Prosecutors have charged the three individuals with extortion, organized crime, armed robbery, property damage, and kidnapping. Currently, the 17-year-old suspect and the 35-year-old man are in custody awaiting trial, while the 15-year-old suspect is under judicial supervision, and prosecutors have appealed this decision.

Review of Balancer's historical security incidents, resulting in a loss of 21 million dollars due to flash loans, front-end hijacking, and cross-protocol vulnerabilities

The DeFi protocol Balancer is currently under attack, with losses exceeding $116.6 million across multiple chains, and the attack on Balancer is still ongoing.According to the on-chain AI analysis tool CoinBob, the historical security incidents of Balancer are as follows:June 2020 Flash Loan Attack: Attackers exploited a compatibility issue between the deflationary token (STA/STONK) and Balancer's smart contracts, repeatedly calling swapExactAmountIn to drain the liquidity pool, ultimately profiting $523,600.August 2023 V2 Pool Vulnerability: The Balancer V2 pool suffered multiple flash loan attacks due to a code vulnerability, with total losses reaching $2.1 million. The team urgently paused the affected pools and advised users to withdraw their funds, but some funds that were not withdrawn in time were still exploited.September 2023 Frontend Hijacking Attack: Hackers gained control of Balancer's frontend through BGP/DNS hijacking, tricking users into authorizing malicious contracts, resulting in a loss of $238,000. On-chain detective ZachXBT traced the funds to address 0x645710Af050E26bB96e295bdfB75B4a878088d7E.2023 Euler Incident Impact: Due to a vulnerability in Euler Finance, Balancer's bbeUSD pool suffered a loss of $11.9 million, accounting for 65% of the pool's TVL. The team took protective measures to limit liquidity withdrawals.2024 Velocore Attack Association: The Velocore vulnerability exploited Balancer-style CPMM pools, resulting in a loss of $6.8 million. Balancer's technical architecture was indirectly implicated due to cross-protocol integration.
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