A Belgian court has sentenced three people to 12 years in prison for kidnapping the wife of Stéphane Winkel, a well-known crypto investor and trading coach.
The ruling, delivered by the Brussels Criminal Court, marks another alarming case in a growing trend of crypto-related kidnappings—especially in France and neighboring countries.
The organization sought to extract cryptocurrency from Winkel by using his wife as a conduit, according to Belgian publication La Dernière Heure. Authorities were able to find and apprehend those responsible, and fortunately, she was rescued safely.
Crypto Case Highlights Real-World Risks for Industry Professionals
The incident highlights the risks that persons working in the cryptocurrency industry face in the real world.
The targeting comes at a time when digital assets have gained popularity and value, particularly for well-known people or those who are thought to be wealthy.
The crypto realm is mostly online, yet this episode serves as a terrifying reminder that threats can take on a terrifyingly human dimension.
These 12-year penalties are a strong indication from the courts that such offenses will not be tolerated. In a field that frequently prioritizes secrecy and privacy, the incident also brings up a more significant query: how can cryptocurrency investors better safeguard themselves?
Also Read: Crypto‑Linked Kidnapping In Paris Suburb, Victim Held For Cash And Cold Wallet Access
Europe Ramps Up Crypto Crime Response Amid Calls for Stronger Protection
Law enforcement is stepping up its response to the surge in crypto crime in Europe, but many people think more needs to be done to shield people from this new type of criminal who targets digital riches in the real world.
The court has mandated that the three convicted kidnappers pay the victim more than one million euros in civil damages in addition to their 12-year prison terms.
The judge threw out their arguments that they were under duress, stating unequivocally that they were entirely to blame for the incident.
The larger picture is nonetheless concerning even though the attackers on the ground received justice.
The court recognized that the real masterminds behind the kidnapping are still unknown and that these three weren’t acting alone.
Those in the crypto realm, who might also be at risk, are very uneasy about this.
As the hunt for those responsible for the attack’s covert planning continues, authorities are anticipated to continue their investigation.
Also Read: French Police Arrest Suspects In Gruesome Kidnapping Of Crypto Entrepreneur’s Father
Crypto’s Rise Fuels Surge in Real-World Kidnappings
As digital assets increase in value and prominence, kidnappings using cryptocurrency are becoming an alarming reality.
People who are outspoken about their involvement in cryptocurrency, such as traders, influencers, and investors, are increasingly being targeted by criminals who threaten to confiscate their money.
Since cryptocurrency transactions are frequently irreversible and more difficult to track than standard bank transfers, thieves find them particularly alluring.
Such incidences have sharply increased in Europe in recent months, with incidents documented in nations like Belgium and France.
These are actual threats involving fear and physical assault, not only internet frauds.
The need for more knowledge and protection, from both individuals and law enforcement organizations adjusting to this new wave of criminality, is growing along with the crypto world.