Binance France CEO Targeted in Armed Home Invasion

Background and Context

This incident fits into a broader and escalating pattern of violent “wrench attacks” in France. These crimes include home invasions, kidnappings, and robberies aimed at people connected to cryptocurrency. Typically, attackers assume executives and their families control significant digital wealth or have access to private keys or ransoms payable in Bitcoin or other assets. 

Importantly, France has become a global hotspot for such crimes. Authorities documented at least 19 physical attacks on crypto holders in 2025 alone, the highest number worldwide, and charged 25 suspects across multiple cases. 

Similarly, in May 2025, attackers attempted a daylight abduction of the daughter and young grandson of Pierre Noizat, CEO of Paymium, in Paris. Bystanders intervened and stopped the attack. Other cases involved the torture of a crypto entrepreneur’s father and a hostage-taking tied to crypto-related ransom demands.

Despite these crimes, crypto markets have shown resilience. Following the Ledger kidnapping and other 2025 attacks, Bitcoin and major altcoins did not experience sell-offs directly linked to the incidents. Instead, macroeconomic forces, regulation, and global sentiment continued to drive price action. 

The Botched Raid: How It Unfolded

According to RTL and other French outlets, three suspects in their 20s or 30s arrived at a residential building in Val-de-Marne around 7 a.m. local time on February 12. First, they forced entry into the wrong apartment and pressured the resident to identify Prinçay’s unit. After realizing the executive was absent, they searched the apartment and left with two smartphones.

Next, the group moved to Vaucresson and attempted another home invasion. During this second incident, they assaulted a woman and demanded address information. However, French police acted quickly. Investigators are now examining whether the Binance France CEO home invasion was a targeted operation tied specifically to Prinçay’s role or part of a wider crime spree.

Calls for Enhanced Security

In response to the Binance France CEO home invasion, Binance confirmed that it is cooperating fully with law enforcement and strengthening security measures for employees. A company spokesperson emphasized that employee safety remains a top priority, while senior executives confirmed that no one was harmed.

Meanwhile, the French crypto community has voiced growing concern. As a result, many executives have increased personal security and reduced public exposure of their locations. 

Overall, this attempted robbery highlights the physical risks that can accompany digital wealth. Although no crypto assets were compromised and Binance France continues operations, the incident reinforces a clear implication for the industry.