EthCC: As a wave of crime sweeps through the crypto market, Vitalik will be given Cannes-level security measures
PANews reported on May 26 that, according to DL News, the organizers of the European Ethereum Conference (EthCC) announced that festival-level security measures will be implemented for events held in Cannes from June 30 to July 3. Cometh CEO Jerome de Tychey said attendees such as Ethereum founder Vitalik Buterin will receive the same level of protection as Tom Cruise during the Cannes Film Festival. The local government will deploy additional police and use more than 500 surveillance cameras across the city.
The decision stems from France's recent wave of kidnappings in the crypto sector. Ari Redbord, head of policy at TRM Labs, noted that the appreciation of cryptocurrencies and regulatory changes in Europe have made France a target for criminal gangs, and advised practitioners to reduce their social media exposure and consider staffing security personnel. EthCC organizers declined to disclose the specifics of the security plan, but confirmed that government officials, regulators and billionaires will attend.