According to local reports, the head of Binance France was the victim of a home invasion on Thursday, February 12. In the latest development, three individuals connected to the break-in have been arrested by the French police.
Binance Co-Founder Confirms Break-In And Police ArrestsAccording to RTL, the suspects searched the Binance France executive’s apartment and made off with two mobile phones. However, the three individuals were reportedly apprehended during a second home break-in attempt in Hauts-de-Seine, another department bordering Paris.
RTL reported that local law enforcement recovered the stolen mobile phones and a vehicle linking the suspects to the home invasion of the Binance France executive. While no identity was explicitly revealed in the report, it is worth mentioning that David Princay is the president of Binance’s French unit.
Now, this report has been confirmed by Yi He, the co-founder and chief customer service officer at Binance, who shared on the social media platform X that the executive and his family are safe and actively cooperating with law enforcement.
He said on X:
We understand that three individuals connected to this matter have been arrested by authorities. The investigation remains ongoing, and we are continuing to cooperate fully. We would also like to sincerely thank the BRB (Brigade de Répression du Banditisme) for their swift and professional action in responding to this situation.
Crypto Wrench Attacks Jump 75% In 2025: CertiKThis wrench attack number seems certain to increase for France this year, as the breach of the Binance executive’s home happened only a few days after local police arrested six people over the abduction of a crypto entrepreneur’s partner and her mother in a crypto-linked ransom attack.
