- Ledger co-founder David Balland was kidnapped on Tuesday
- Earlier stories claimed that one other Ledger co-founder, Eric Larchevêque, had been kidnapped.
- The abductors reportedly demanded a considerable ransom in cryptocurrencies
The hijackers launched David Balland, the previous co-founder of crypto-hardware pockets maker Ledger.
Balland, who was kidnapped on Tuesday, was reportedly launched late Wednesday following an operation by French police. Bloomberg first reported the information of the Ledger co-founder's launch on Thursday, January 23.
Cryptocurrency ransom demand
In accordance with an announcement from the Paris prosecutor's workplace, Balland's kidnappers made a considerable ransom demand. The criminals requested to pay the ransom in cryptocurrency.
French newspaper Le Parisien additionally confirmed that Ledger's co-founder was rescued by the Nationwide Gendarmerie Intervention Group (GIGN), France's elite counter-terrorism police unit.
Enlevé et séquestré, David Balland, cofondateur de l'entreprise de cryptomonnaies Ledger, a été secouru ce mercredi par le GIGN
The abductors would ship a finger to the cadre of their demand of remise d'argent.
Des recherches se poursuivent
https://t.co/9PWZWo03iM pic.twitter.com/NVMPqcweje
— Le Parisien (@le_Parisien) January 23, 2025
Information of Balland's firing comes a day after stories surfaced {that a} Ledger govt had been kidnapped in Paris.
The rumors talked about Eric Larchevêque, additionally a co-founder of the France-based crypto firm. Shortly after the rumors started, The Massive Whale's co-founder Grégory Raymond commented that stories of Larchevêque's kidnapping had been inaccurate.
We’re in a position to present that @EricLarch (co-founder @Ledger) will not be concerned within the kidnapping rumors about him
Watch out with revealed data that might endanger an ongoing investigation in France and presumably another person's life
— Grégory Raymond
(@gregory_raymond) January 22, 2025
Raymond additionally posted an replace on X confirming that Balland had been launched and that police had been nonetheless investigating the matter.
