Surge in Crypto-Linked Kidnappings in France Raises Security Concerns

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: 4 hours ago

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Kidnapping Incident Details: The wife of Sebastien Borget, co-founder of The Sandbox, was targeted in a kidnapping attempt at their home, where assailants disguised as delivery personnel attempted to forcibly abduct her, highlighting the rising violent risks faced by the crypto industry.
Investigation Progress: Two suspects were arrested with a fake handgun and zip ties, indicating a connection to cryptocurrencies and reflecting an escalating pattern of crime targeting crypto executives and their families.
Crypto Kidnapping Phenomenon: Since 2023, France has recorded 135 crypto-related kidnappings, accounting for nearly 80% of such incidents in Europe, underscoring the severity of the issue and prompting authorities to implement preventive measures.
Market Impact Analysis: Crypto firms are now facing security risks that extend beyond cyberattacks, with physical security and executive protection becoming critical concerns, potentially affecting institutional investors' confidence and engagement in the crypto market.

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Technical Analysis for FORM

Technical Sentiment Analysis for Formation Fi (FORM). As of , Formation Fi (FORM) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 9 technical signals, shows that 5 indicators are flashing buy, while 4 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for FORM stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, FORM is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Formation Fi (FORM) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.135	0.179	0.214	0.258	0.294	0.337	0.373
Fibonacci	0.179	0.209	0.228	0.258	0.289	0.307	0.337

About FORM

BinaryX ($BNX) is the platform cryptocurrency for the BinaryX ecosystem, which includes the DAO and all products & games utilizing $BNX. BinaryX began as a decentralized derivative trading system. Recognizing the burgeoning popularity of GameFi and interest in the metaverse games, the team gradually evolved into developing decentralized video games and is now fully transitioning to be a GameFi platform offering IGO services to bridge Web2 developers to Web3.Some of the services provided by BinaryX includes infrastructural support, a DAO governance system, and community building to scale promising gamefi projects and bring more innovation to the blockchain gaming sector.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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