Latest Update: Binance France Executive Home Invasion
Our carefully curated editorial content, reviewed by industry leaders and seasoned editors, ensures the highest level of accuracy and relevance. As part of our commitment to transparency, we disclose any potential ad affiliations in our content.
Incident Overview: Home Invasion and Arrests
In a recent turn of events, the head of Binance France experienced a significant security breach at their residence on Thursday, February 12. According to local news outlets, French authorities have apprehended three suspects linked to this incident.
Advertisement Banner
Details of the Break-In and Subsequent Arrests
Local media, particularly RTL, reported that three masked individuals armed with weapons attempted to infiltrate an apartment in Val-de-Marne, a region adjacent to Paris. Initially, these assailants mistakenly entered a different residence, coercing the occupant for directions to the Binance France executive’s home.
The perpetrators managed to steal two mobile phones from the Binance executive’s apartment. However, during a subsequent burglary attempt in Hauts-de-Seine, another area near Paris, they were captured by law enforcement. Police recovered the stolen phones and a vehicle implicating the suspects in the crime. Although the identities remain undisclosed, David Princay is known to be the president of Binance’s French division.
Yi He, co-founder and Chief Customer Service Officer at Binance, confirmed on social media platform X that the executive and their family are unharmed and are cooperating with the ongoing investigation.
We are aware that authorities have detained three individuals associated with this incident. The investigation is active, and we continue to provide full cooperation. Sincere gratitude to the Brigade de Répression du Banditisme for their prompt and expert response.
Rising Threat: Crypto-Wrench Attacks on the Rise
Crypto-wrench attacks, involving coercive and often violent efforts to seize cryptocurrency holdings, have surged dramatically. According to blockchain security firm CertiK, these incidents have seen a 75% increase, culminating in 72 confirmed cases globally.
Statistics and Geographic Impact
In 2025, these attacks resulted in approximately $40.9 million in confirmed losses, with Europe accounting for 40% of these cases. France emerged as a significant hotspot last year with 19 confirmed incidents. This disturbing trend appears set to continue, as evidenced by the recent breach at the Binance executive’s residence. This incident closely follows the arrest of six individuals involved in a crypto-related ransom case in France, targeting a crypto entrepreneur’s family members.
Editorial Integrity and Commitment
Our editorial process at Bitcoinist is dedicated to providing meticulously researched, precise, and impartial content. We adhere to strict sourcing criteria, with each page undergoing thorough evaluation by our team of top technology experts and seasoned editors. This rigorous process ensures our content’s integrity, relevance, and value for our readers.
