According to @AltcoinGordon on Twitter, a 26-year-old TikTok influencer and trader was allegedly kidnapped in France, beaten, and held for a €50,000 crypto ransom. The kidnappers reportedly released the victim after discovering he has been all in on XRP since 2018, ultimately sending him $1,000 USDT as a result. This incident highlights the ongoing risks faced by crypto traders, particularly those with public profiles, and underscores the importance of privacy and asset security in the cryptocurrency market. The event may prompt further discussion around personal safety for XRP holders and the broader crypto community. (Source: @AltcoinGordon, Twitter, June 15, 2025)

According to Richard Teng, Binance collaborated with Philippine authorities to trace a $3.75 million crypto ransom, successfully identifying suspects and tracking cryptocurrency flows using their proprietary intelligence tools (source: @_RichardTeng via Twitter, June 13, 2025). This incident highlights Binance's role in improving security and transparency within the cryptocurrency market, offering traders increased confidence in the safety of digital asset transactions. Enhanced security measures and traceability may contribute to greater institutional participation and trading volume in the crypto sector.