David Princay, the president of Binance’s France arm, was focused by armed robbers on Thursday simply hours earlier than the identical gang attacked an unnamed crypto entrepreneur at their residence.
In keeping with native media, three males broke into Pincay’s Val-de-Marne house, ultimately fleeing with two cellphones.
The robbers reportedly tried to proceed their spree hours later, this time concentrating on a house within the commune of Vaucresson that belonged to a crypto entrepreneur.
After getting access to the home, they beat the entrepreneur with their weapons earlier than fleeing.
Police have been capable of monitor the stolen telephones to this second handle and found that the attackers had used the identical car used within the Princay raid of their different escapades.
The three have been subsequently tracked to town of Lyon, the place they have been arrested.
The assaults seem to have been poorly deliberate as, through the raid on Princay’s residence, the robbers needed to pressure different residents residing in the identical constructing to level them in the direction of his house.
Additionally, through the second raid, a lady reportedly overheard the robbers questioning their very own instructions, saying, “The address isn’t right,” and “Stéphane lives at number 41.”
For the reason that assaults, Binance CEO Richard Teng has confirmed that the “[French colleague] and his family are safe and working closely with law enforcement.”
There are experiences circulating relating to considered one of our French workers. We will verify that he and his household are protected and actively working with regulation enforcement.
We perceive that three people linked to this matter have been arrested by authorities. The investigation…
— Yi He (@heyibinance) February 13, 2026
Binance’s Chief Buyer Service Officer Yi He additionally commented on the theft.
Binance’s Princay joins record of crypto victims in France
France has turn into recognized for crypto-specific robberies wherein criminals rush rich buyers and bodily intimidate them into giving up their crypto.
A French tax agent who handed the main points of crypto entrepreneurs and different authoritative people to prison gangs noticed her jail attraction rejected final month.
In that very same month, one other sufferer was tied up by three masked males who have been in search of her accomplice’s USB stick, which contained entry to his cryptocurrency.
Final 12 months, the alleged ringleader of a sequence of crypto-related kidnappings in France was arrested in Morocco. They’re suspected of orchestrating the kidnapping of Ledger CEO David Balland.
After months of kidnappings, France’s Inside Minister Bruno Retailleau promised the business that it could have precedence entry to emergency police providers, amongst different safety measures.
Retailleau stated, “These repeated kidnappings of professionals in the crypto sector will be fought with specific tools, both immediate and short-term, to prevent, dissuade and hinder in order to protect the industry.”
Web3 Operational Safety researcher Pablo Sabbatella warned crypto buyers that they shouldn’t have “direct access” to their funds.
He stated, “If you just have a Ledger with millions sitting in it, you are eventually gonna lose it all,” including that “Multisigs, Shamir, time delays, geographic distribution and other systems will protect your assets.”
