Kidnapping of Ledger Co-Founder: €10M Ransom Demand and Successful Rescue Operation
David Balland, one of the co-founders of Ledger, a company that manufactures hardware crypto wallets, was kidnapped along with his wife from their home in France. The kidnappers demanded a €10 million ransom in cryptocurrency. French police carried out a successful operation to rescue the hostages and arrested all those involved.
Details of the Kidnapping and Ransom Demand
On January 21, 2025, David Balland and his wife were forcibly taken from their home in the Cher department. The kidnappers held them in an undisclosed location, demanding payment in cryptocurrency. To increase pressure, they sent a video with threats to another Ledger co-founder.
Rescue Operation and Arrests
On January 22, French police, including the GIGN special forces unit, launched a rescue mission. Balland and his wife were freed, and 10 suspects were arrested. They have been charged with armed kidnapping, torture, and extortion. If convicted, they face life imprisonment.
Ledger's Response and Security Measures
Ledger thanked French authorities for their swift actions and emphasized the importance of employee security. The incident highlights the growing risks faced by crypto executives, making enhanced protection measures necessary.
Do you have news that could become a sensation?
Or do you want to try yourself as an editor?
On altn.news , it's possible!
Share your materials, express your opinion, and test your skills as a journalist or editor.
It’s simple:
✅ Download the app:
✅ Register on the website.
✅ Create and publish your news.
Who knows, maybe your material will become the next big headline!
Start today on altn.news.
The editorial board is not responsible for the content and accuracy of material taken, sent or obtained from other sources. The publication of such materials is for informational purposes only and does not imply automatic endorsement or approval of their content.
