Val-de-Marne, France — A Binance executive was targeted in a dramatic attempt by intruders to break into his home on Thursday, which the company later confirmed was a foiled attack. The incident highlights a troubling trend in France, where violent robbery attempts linked to cryptocurrency have surged in recent years.
Local authorities reported that three masked individuals attempted to enter the residence of David Prinçay, the CEO of Binance France, but discovered that he was not present. In their hurried exit, they stole two mobile phones but were apprehended by police later the same day. Reports indicate that a woman was injured during the incident after the intruders mistakenly searched the wrong home.
Binance confirmed that Prinçay and his family are safe and are currently cooperating with law enforcement as investigations continue. “Three suspects related to this matter have been detained,” Binance stated in an official communication. The company has chosen not to disclose the identity of the targeted employee, emphasizing their priority is the safety of their team.
Wrench attacks, characterized by physical confrontations to steal cryptocurrency, have become increasingly prevalent, particularly in France. According to a tracking tool created by Bitcoin developer Jameson Lopp, 2025 marked a peak with over 70 recorded incidents nationwide. The trend shows no sign of abating, as 2026 has already witnessed 14 incidents, 11 of which occurred in France.
The rise in such criminal activities has created heightened anxiety among individuals in the cryptocurrency sector. Notably, the kidnapping of Ledger co-founder David Balland and his wife in 2025 underscored the profound risks associated with being involved in the crypto space. They were held captive for approximately 24 hours before being rescued by law enforcement.
The increase in wrench attacks is part of a broader wave of violence targeting cryptocurrency investors. As these attacks continue to make headlines, the pressure is mounting on both law enforcement and the industry itself to enhance security measures and ensure the safety of individuals linked to cryptocurrency enterprises.
The incident involving Prinçay raises significant questions about the vulnerability of prominent figures in the cryptocurrency world and the need for greater protective strategies. As authorities work on this case, the community remains on alert, cognizant of the growing risks associated with cryptocurrency investments and the individuals who stand at the forefront of this dynamic industry.