Ledger Co-Founder Kidnapped and Rescued; Ransom Partially Frozen, 10 Arrested

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Jan 24, 2025

1. Background: David Balland, co-founder of Ledger, and his wife were kidnapped from their home in France on January 21. The kidnappers demanded a ransom in cryptocurrency.
2. Rescue Operation: French special forces GIGN intervened, rescuing Balland on January 22 and his wife the following day. Balland sustained a hand injury and is hospitalized, while his wife is under psychological care.
3. Arrests: French police arrested 10 suspects aged 20-40, most with criminal records. If convicted, they face life imprisonment.
4. Financial Aspect: Part of the ransom paid in cryptocurrency was tracked and frozen.
5. Company Response: Ledger CEO Pascal Gauthier expressed gratitude to law enforcement and announced plans to enhance security measures.

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