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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 Arrests
In a Friday report, local media outlet RTL revealed that three hooded individuals carrying weapons tried to enter an apartment in Val-de-Marne, a department bordering Paris, the French capital city. The suspects initially broke into another resident’s apartment, demanding directions to the home of the head of Binance France.
According 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: CertiK
Wrench attacks refer to physical (often violent) attempts to force cryptocurrency investors to hand over their digital assets. According to blockchain security firm CertiK, this form of attack has seen a significant rise over the past year, seeing a 75% climb to reach 72 confirmed worldwide cases.
In 2025, crypto-wrench attacks accounted for about $40.9 million in confirmed cases, with Europe bearing 40% of all the attacks. France led last year’s numbers, with 19 confirmed cases of wrench attacks in the country
This 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.
Featured image from Unsplash, chart from TradingView
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