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Binance France President Survives Crypto Kidnapping Attempt

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Binance France President Survives Crypto Kidnapping Attempt

Armed men attempted to break into the home of Binance France President David Prinçay on Thursday morning, marking the latest in a growing wave of crypto-linked attacks across France.

According to French outlet RTL, three hooded individuals entered a residential building in the Val-de-Marne region around 7:00 a.m. on February 12. They were reportedly armed and searching for Prinçay’s apartment.

However, the attackers fled after discovering he was not at home.

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Armed Commando Flees, Then Strikes Again

Local reports suggested the group first forced another resident to help them locate the correct apartment. Police said the suspects searched the Binance executive’s residence before leaving with two stolen phones.

Shortly afterward, at approximately 9:15 a.m., police in Hauts-de-Seine responded to another incident. A resident in Vaucresson reported being struck in the head with rifle butts by hooded men.

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Authorities later linked the two events.

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According to RTL, surveillance footage showed the suspects using the same vehicle seen earlier in Val-de-Marne. The stolen phones were also traced to the second location.

Witnesses reportedly overheard the attackers saying the address was incorrect before fleeing again.

Arrested at Lyon Perrache Station

French law enforcement launched a coordinated operation involving the Paris Brigade de Répression du Banditisme (BRB), police units from Hauts-de-Seine, Val-de-Marne, Yvelines, and transport police.

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Investigators tracked the suspects via public transportation.

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The three men boarded a train to Lyon. Authorities alerted the Lyon BRI unit, which intercepted and arrested them at Lyon Perrache station later that day.

They are now in custody. The investigation remains ongoing.

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Binance Co-Founder Yi He addressed the incident on X, confirming that the targeted executive and his family are safe.

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Is France Becoming a Haven for Crypto Crime?

The attempted attack comes amid a surge in crypto-related kidnappings and home invasions across France.

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In May 2025, French police arrested more than 20 suspects linked to a series of kidnappings in the greater Paris area and surrounding regions, where criminals targeted affluent crypto investors.

Throughout 2025, French law enforcement continued to dismantle cells linked to crypto-focused extortion. 

Investigations revealed that attackers frequently used private information obtained from dark-web leaks or social-network scraping to profile potential targets.

Methods ranged from staged home invasions — often in the early morning — to coordinated abductions and forced movements between locations to evade detection.

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Trump’s ‘Stone Ages’ Threat Sends Bitcoin Below $67K

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President Donald Trump delivered his first prime-time address on the Iran war on Wednesday night. He told the nation that “core strategic objectives are nearing completion.” He then promised to escalate.

Oil was falling when Trump started talking. It was up 5% by the time he stopped — and that tells the whole story.

Markets Expected Peace. They Got ‘Stone Ages.’

“We are going to hit them extremely hard over the next two to three weeks,” Trump said. “We’re going to bring them back to the Stone Ages, where they belong.”

The speech lasted 19 minutes. It contained no new information, no timeline to end the war, and no plan to reopen the Strait of Hormuz. Markets had spent two days rallying on hopes that Trump would announce an off-ramp. Instead, he promised more bombs.

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Brent crude surged 5% to above $106 per barrel. West Texas Intermediate jumped 4.1% to $104. The S&P 500 futures fell 1.1%. European futures dropped 1.5%. Gold lost 1.4% to $4,691 per ounce. Silver fell 3%. The 10-year Treasury yield climbed to 4.36%.

Bitcoin dropped from an intraday high of $69,135 to $66,818, a 3.3% decline. Ethereum fell 2.8% to $2,084. The entire two-day relief rally in crypto evaporated in a single evening.

Asia took the hardest hit. South Korea’s KOSPI fell 3.5%, the worst performer in the region. Japan’s Nikkei lost 1.8%. Hong Kong’s Hang Seng dropped about 1%.

‘Just Take It’ — Trump Tells Allies to Secure Hormuz

Trump said the Strait of Hormuz would “open up naturally” once the war ends. He urged oil-importing nations to “build some delayed courage” and secure the waterway themselves. He did not explain how or when that might happen.

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Hours earlier, at a White House Easter lunch, Trump was more blunt. He said the US could “just take their oil,” but added that Americans lack “the patience” for it. He also named South Korea, Japan, and China directly, telling each to step up on Hormuz.

That message landed hard in Seoul. The KOSPI’s 3.5% decline reflected both energy import vulnerability and the shock of being singled out by the US president.

Trump also dropped his April 6 deadline threat to bomb Iran’s power grid. He made no mention of NATO, ground troops, or ongoing negotiations. The absence of specifics was itself a signal. Investors had hoped for clarity. They received ambiguity.

Iran Holds Firm, Toll Booth Stays Open

Iran showed no interest in backing down. Foreign Minister Abbas Araghchi said there are no direct negotiations with Washington and that Tehran’s trust in the US stands at zero. President Masoud Pezeshkian posted an open letter in English asking Americans which of their interests this war truly serves.

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Meanwhile, Iran’s parliament continues working on legislation to make its Hormuz toll system permanent. The IRGC already charges vessels up to $2 million per transit, settled in stablecoins or Chinese yuan. If codified into law, this regime would outlast any ceasefire.

That is the gap the market is now pricing in. Trump says the strait will open naturally. Iran is building a toll booth designed to last forever. Oil traders, bond traders, and crypto traders all reached the same conclusion Wednesday night: this war is not ending soon.

The post Trump’s ‘Stone Ages’ Threat Sends Bitcoin Below $67K appeared first on BeInCrypto.

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Hyperliquid price forms a bullish flag as golden cross looms, will it breakout?

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Hyperliquid price has formed a bullish flag pattern on the daily chart.

Hyperliquid price is close to confirming multiple bullish patterns as futures traders show increased interest in the token.

Summary

  • Hyperliquid price has risen up 22% over the past month, supported by rising open interest and increased futures market activity.
  • Growth in commodity perpetuals and event-based contracts, alongside rising trading volumes, has boosted token demand through increased burn mechanisms.
  • Technical setup shows a bullish flag and a potential golden cross, with upside targets near $44, while a drop below $34.8 could invalidate the bullish outlook.

According to data from crypto.news, Hyperliquid (HYPE) price was trading at $36.9, up 22% over the past month and 78% higher than its year-to-date low.

Hyperliquid price rallied as it witnessed a massive surge in real-world asset trading volumes.

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Notably, following the implementation of HIP-3, which expanded the protocol capabilities, investors can now trade decentralized perpetual contracts on commodities like gold, silver, and crude oil.

Amidst escalating tensions in the Middle East, a massive jump in volume was observed in Hyperliquid’s 24/7 crude oil perpetuals, which topped $1 billion in a single day in March.

Unlike traditional markets, Hyperliquid provides round-the-clock access to its commodity markets, making it a pressure valve for macro traders amidst geopolitical events that often unfold over the weekend.

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Furthermore, the project’s expansion into prediction markets from its introduction of event-based contracts has added another layer of utility and attracted fresh participants who can now trade on the outcome of real-world events natively alongside their futures positions.

In the last 24 hours, open interest on Hyperliquid hit over $1.61 billion. A surge in open interest suggests more active participation from traders and is a sign that the current trend has significant backing.

The HYPE token has also benefited from increased trading volumes. Trading volumes on the platform have hit a record high of over $2.4 billion.

As Hyperliquid’s Assistance Fund uses up to 97% of protocol fees to buy back and burn HYPE tokens, the latest surge has significantly increased the burn rate of tokens and hence has helped drive the asset price higher through deflationary pressure.

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On the daily chart, Hyperliquid price has formed a bullish flag pattern after a steep vertical move known as a pole, followed by a brief period of consolidation. A bullish flag is one of the most well-known bullish continuation patterns in technical analysis.

Hyperliquid price has formed a bullish flag pattern on the daily chart.
Hyperliquid price has formed a bullish flag pattern on the daily chart — April 1 | Source: crypto.news

It is also close to confirming a golden cross, which occurs when the 50-day SMA crosses over the 200-day SMA. Traders view such pattern confirmations as a major signal of long-term trend reversal and sustained buying momentum.

Hence, if a golden cross is confirmed, Hyperliquid price would likely confirm the bullish flag pattern, which would propel it toward the upside of $44, the highest point of the flag formation. A breakout above it could set the stage for a push toward new all-time highs.

On the contrary, if Hyperliquid price drops below the 200-day SMA at $34.8, the bullish thesis would be invalidated and could lead to further downside.

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

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Crypto Scam Leader Extradited to China to Face Charges

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Crypto Scam Leader Extradited to China to Face Charges

Li Xiong, a key member of a group that allegedly helped crypto scam rings in Asia to move money, has been extradited from Cambodia to China, where he will face fraud and money laundering charges, according to Hong Kong-based news outlet Ta Kung Wen Wei.

On April 1, with strong support from the relevant authorities in Cambodia, a task force sent by China’s Ministry of Public Security successfully escorted Li Xiong, a core key member of the Chen Zhi criminal syndicate, back to China from Phnom Penh, Cambodia,” it said on Wednesday, citing a statement from China’s Ministry of Public Security on WeChat.

Xiong previously served as chairman of Huione Group, an alleged criminal organization that served scam centers in Cambodia that carried out “pig butchering” scams and other investment schemes to steal crypto from victims around the world. 

Huione Group was responsible for one of the largest illicit online marketplaces in the world, handling over $89 billion in cryptoassets.

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Source: Jacob in Cambodia

His extradition comes three months after the arrest of Chen Zhi, the head of Prince Group, which operates Huione Group. In October, it was reported that the US Department of Justice seized 127,271 Bitcoin (BTC) worth more than $15 billion from Zhi.

Related: Hong Kong retiree loses $840K in triple ‘crypto expert’ scam

The US Treasury Department’s Financial Crimes Enforcement Network directed US banks to cut payments and accounts tied to the Huione Group in October.

Authorities ask other Huione members to surrender

Ta Kung Wen Wei noted that several other members of Zhi’s criminal syndicate have been brought to justice “one after another,” citing comments from Chinese public officials.

“Public security authorities will continue to intensify efforts to capture fugitives,” it said, adding:

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“At the same time, they once again warn criminals to recognize the situation, stop before it is too late, surrender as soon as possible, and strive for lenient treatment.”

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