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Crypto Shadows: Attempted Kidnapping of CEO’s Family Sparks Security Fears
Hodl Topic
May 14, 2025
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📈 Preview On Today’s News:
- Crypto Shadows: Attempted Kidnapping of CEO’s Family Sparks Security Fears
- Wall Street Turns Its Back: Dell Rejects Bitcoin Treasury Bid Backed by SEC
- Trump-Linked Crypto Giant Set to Hit Nasdaq in Bold Merger Deal
Keep reading below for more!
Today’s News:
1)
Crypto Shadows: Attempted Kidnapping of CEO’s Family Sparks Security Fears
On May 13, 2025, masked assailants attempted to kidnap the daughter and grandson of Pierre Noizat, CEO of the French crypto exchange Paymium, as they walked through Paris. The attack was foiled thanks to the quick action of a partner and nearby bystanders. Authorities suspect the motive was financial, driven by the family's crypto connections, though no market disruptions followed. This marks a troubling pattern of rising security threats against crypto executives, prompting calls for greater personal protection within the industry.
Masked attackers targeted the family of Paymium CEO Pierre Noizat in Paris; a partner and bystanders intervened, thwarting the kidnapping.
Authorities suspect a financial motive tied to Noizat’s crypto ties, highlighting a growing trend of security threats against crypto industry figures.
2)
Wall Street Turns Its Back: Dell Rejects Bitcoin Treasury Bid Backed by SEC
Dell Technologies has officially declined a proposal to add Bitcoin to its corporate treasury, with full backing from the U.S. Securities and Exchange Commission (SEC). The initiative, brought forth by the National Center for Public Policy Research, was excluded from the company’s 2025 shareholder agenda. Citing the matter as an “ordinary business operation,” both Dell and the SEC reinforced that cash management decisions lie within the jurisdiction of company executives. While Dell CEO Michael Dell has acknowledged Bitcoin’s conceptual value in the past, the tech giant remains firmly conservative on crypto adoption. Notably, the move had no material impact on Bitcoin’s market performance, underlining a broader trend among corporations maintaining distance from direct crypto treasury strategies.
Dell, supported by the SEC, rejected a shareholder proposal to adopt Bitcoin as part of its corporate treasury, citing executive discretion over cash management.
The decision had no notable effect on Bitcoin’s market, reinforcing a cautious stance among major firms despite growing crypto interest.
3)
Trump-Linked Crypto Giant Set to Hit Nasdaq in Bold Merger Deal
Trump-affiliated Bitcoin mining firm American Bitcoin is going public through a stock-for-stock merger with Gryphon Digital Mining. The new entity, retaining the American Bitcoin name, will be led by its current executive team—featuring Eric Trump—and is set to list on Nasdaq under the ticker “ABTC” as early as Q3 2025. Following the merger, American Bitcoin shareholders will control 98% of the company, while Gryphon investors will hold 2%. Backed by Hut 8’s infrastructure, the move aims to scale Bitcoin accumulation efforts while securing growth capital independent of Hut 8’s balance sheet. The merger signals the Trump family’s deepening involvement in crypto, complementing their DeFi, media, and token ventures.
American Bitcoin, co-founded by Eric Trump, will go public via a merger with Gryphon Digital and trade under the Nasdaq ticker “ABTC” by Q3 2025.
The deal cements the Trump family's expanding influence in crypto, supported by Hut 8's infrastructure and long-term commercial partnerships.
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