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Cryptocurrency kidnappings: alleged mastermind arrested in Morocco

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Cryptocurrency kidnappings: alleged mastermind arrested in Morocco

In recent months, France has been shaken by a series of kidnappings and attempted abductions involving prominent entrepreneurs in the cryptocurrency sector. 

A significant breakthrough came with the arrest, in Morocco, of a key suspect. This episode marks a critical point in the fight against organized crime in the world of cryptocurrencies.  

The context: a series of disturbing cryptocurrency kidnappings in France

The Moroccan authorities have announced the arrest of Badiss Mohammed Bajjou, a 24-year-old Franco-Moroccan considered the mastermind behind a series of kidnappings targeting entrepreneurs active in the cryptocurrency sector in France. 

The arrest took place in Tangier, a city in the north of Morocco, thanks to a coordinated action by the country’s General Directorate for National Security.  

Bajjou was wanted with a red notice from Interpol for serious charges including arrest, kidnapping, illegal or arbitrary detention of hostages. 

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Its identification and capture are an important step forward for French and international justice in response to the growing wave of violence against actors in the bull and bear cryptocurrency sector.  

France has experienced an escalation of kidnappings related to cryptocurrency entrepreneurs, causing alarm at the national level. 

These events have highlighted the risks associated with the rapid expansion of the sector, drawing unwanted attention to prominent figures in the field.  

Among the most significant cases that have emerged is the kidnapping in January of David Balland and his partner, which occurred under terrible circumstances. 

Balland is the co-founder of one of the most well-known companies in the sector, valued at over a billion dollars, which deals with digital assets like Ledger. During the kidnapping, one of the captors even severed a finger of Balland to increase the pressure on the ransom.  

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The problem has provoked a strong reaction from industry operators. 

A well-known entrepreneur described the situation as a true “messicanizzazione” of security in France, a reference to the growing perception of insecurity and violence similar to that observable in other more challenging global contexts.  

This expression summarizes the collective anxiety of cryptocurrency operators, highlighting the need for immediate and structural interventions against these criminal episodes.  

The involvement of 25 people in the investigations

The French law enforcement agencies have intensified the investigations, leading to the indictment of 25 people, including six minors. These individuals are suspected of having participated in both the completed kidnappings and the failed attempts at abduction.  

This extensive operation demonstrates how deeply rooted and organized the phenomenon is. However, the arrest of Bajjou represents a strong signal of the local and international investigative capability in curbing these bull criminal groups.  

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The wave of violence has created great embarrassment for the French government, which now finds itself having to effectively protect a category of citizens particularly vulnerable due to their economic activities in the digital world.  

In response, the French Minister of the Interior, Bruno Retailleau, called an emergency meeting with the main players in the cryptocurrency sector. 

In this meeting, concrete measures and plans were announced to increase the safety of entrepreneurs and their families.  

Even though the specific details of the measures have not yet been fully formalized, the government’s intent to enhance both physical and digital protection for those operating in this field is clear. 

The objective is to mitigate criminal risk and restore confidence in a sector considered strategic for economic innovation.  

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The economic and symbolic weight of cryptocurrencies in the vicenda

This series of kidnappings highlights the growing value of digital financial assets like bitcoin and other cryptocurrencies, which now represent personal fortunes that frequently exceed millions of euros.  

The rapid growth and appreciation of companies like Ledger demonstrates how the economy linked to cryptocurrencies has reached a dimension where security becomes a fundamental issue. The direct involvement of high-profile entrepreneurs, targets of kidnappings, highlights the direct correlation between digital wealth and criminal risks.  

The arrest of Bajjou in Morocco constitutes an encouraging signal in the fight against kidnappings related to the world of cryptocurrencies, but it also indicates the complexity of the problem, which extends beyond national borders.  

In the future, it will be essential for the French authorities, together with international ones, to keep their guard up through coordinated operations and more effective support for the victims. 

Furthermore, the cryptocurrency sector will need to invest more in prevention and security, so that this new “form of wealth” does not become an easy target for crime.  

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Ultimately, this event serves as a warning for all parties involved, inviting a constant dialogue between institutions, entrepreneurs, and the digital community. 

Only in this way will it be possible to transform the challenge of security into an opportunity for sustainable and serene growth for the cryptocurrency ecosystem.

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Crypto

Prediction: This Ultimate Cryptocurrency’s Price Will 10X in 10 Years if This Happens | The Motley Fool

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Prediction: This Ultimate Cryptocurrency’s Price Will 10X in 10 Years if This Happens | The Motley Fool

A forecast annualized gain of 26% is exciting, but it’s a much lower rate of return than the last decade showed.

Investing in unproven technologies is a risky endeavor. But if investors have done their homework and have conviction, it certainly makes sense to take a position. What was a risky bet in the early days over time starts to look more like a safer opportunity. That’s what I think has occurred with a top digital asset, even though there is still tremendous upside.

In the past decade, this cryptocurrency‘s price skyrocketed almost 22,000% (as of Jan. 26). I predict that it could rise tenfold over the next 10 years if this happens.

Image source: Getty Images.

Fulfilling the digital gold narrative

On the morning of Jan. 26, Bitcoin‘s (BTC 6.51%) market cap was $1.7 trillion. I think it’s very realistic that this figure could increase tenfold, driving the popular digital asset’s market cap to $17 trillion in early 2036. This would result in a much lower gain than the 71% annualized return we’ve been enamored with over the past decade. And it would imply a Bitcoin price of about $880,000 in 2036.

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The basis of this prediction is simple and straightforward. Gold is the best asset to compare to Bitcoin. Gold has been on a fantastic run, with its price soaring 99% in the past 24 months (as of Jan. 26). The value of all above-ground gold is estimated to be $35 trillion. It’s reasonable, in my view, to see Bitcoin reach half the value in 10 years that the precious metal is today.

The only thing that needs to happen is that more individuals, companies, asset managers, and governments start to view Bitcoin as a better store of value and portfolio holding. This sounds easy enough, but gold’s impressive recent performance shows that Bitcoin still has a lot of work to do to win over more people around the world, especially those thinking about geopolitical uncertainty and burgeoning sovereign debt.

But I remain bullish. Cathie Wood-led Ark Invest sees Bitcoin fulfilling the digital gold narrative as the most important variable in its outlook.

Bitcoin Stock Quote

Today’s Change

(-6.51%) $-5475.86

Current Price

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$78647.00

Set up for success in an increasingly digital world

Gold’s biggest advantage is that it’s been a top store of value for thousands of years. That longevity and safe-haven status is important for many market participants, particularly those in charge of huge sums of capital.

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Bitcoin is superior in many ways, however. It’s more portable, verifiable, divisible, and resistant to censorship. Bitcoin is also scarcer, with an absolute cap of 21 million units to its supply.

And the fact that the cryptocurrency is purely digital means that it’s best positioned to thrive in a world that is only going to become more impacted by things related to technology, artificial intelligence, and the internet.

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Regulatory Breakthrough: SEC-CFTC Coordination Marks Turning Point for US Crypto Markets

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Regulatory Breakthrough: SEC-CFTC Coordination Marks Turning Point for US Crypto Markets
U.S. financial regulators are signaling a breakthrough in crypto oversight, moving toward coordinated supervision as Congress advances market structure legislation, a shift aimed at ending fragmented rules and bringing clarity to fast-growing digital asset markets.
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The Best Cryptocurrency to Buy With $50 Right Now | The Motley Fool

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The Best Cryptocurrency to Buy With  Right Now | The Motley Fool

XRP could soar higher if a new crypto summer begins.

XRP (XRP 4.22%), the native token of the XRP Ledger, lost more than 40% of its value over the past 12 months. It’s still a speculative altcoin that could stay volatile for the foreseeable future, but it might be worth a modest $50 bet right now for a few simple reasons.

What is XRP?

The founders of Ripple Labs, a fintech company that specializes in blockchain-based payments, launched XRP in 2012 after pre-minting its entire supply of 100 billion tokens. It can’t be actively mined like Bitcoin (BTC 0.75%) or staked like Ethereum (ETH 4.53%).

Image source: Getty Images.

Instead, XRP is mainly used as a bridge currency to accelerate transactions across Ripple’s network as a faster alternative to traditional SWIFT transfers. In 2020, the Securities and Exchange Commission (SEC) sued Ripple for selling its own XRP tokens — allegedly as unlicensed securities — to fund its own expansion. That lawsuit caused Ripple to lose many of its top customers and drove the top crypto exchanges to delist XRP.

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Why is XRP worth buying again?

Last August, the SEC lawsuit finally concluded with a lighter-than-expected fine for Ripple. The court also ruled that it wasn’t an unlicensed security when purchased by retail investors. That ruling prompted major crypto exchanges to relist XRP, and the first spot price exchange-traded funds (ETFs) for XRP were approved and launched in late 2025.

Moreover, Ripple recently submitted its application for a U.S. bank charter, and its expansion into a full-fledged bank could support increased use of XRP as a bridge currency. Ripple has already been using XRP as a bridge currency to support cross-border transactions for its own stablecoin, Ripple USD (RLUSD 0.01%), which was launched in late 2024.

The XRP Ledger has also launched a sidechain compatible with the Ethereum Virtual Machine (EVM) for developing decentralized apps (dApps). Those connections could support the usage of XRP in more decentralized finance (DeFi) applications.

The broader cryptocurrency market, which was throttled by stubbornly high Treasury yields and other macro headwinds over the past year, could also recover over the next few months. When that happens, more investors should rotate back into riskier assets, such as XRP.

XRP Stock Quote

Today’s Change

(-4.22%) $-0.08

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Current Price

$1.73

A $50 investment in XRP’s earliest trade in 2013 would still be worth nearly $14,700 today. I doubt it can replicate those massive gains over the next decade as the altcoin market tightens up, but it could be a smart place to park a few dollars if a new crypto summer begins.

Leo Sun has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Bitcoin, Ethereum, and XRP. The Motley Fool has a disclosure policy.

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