Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesBotsEarnCopy
Kidnapped Ledger Co-Founder Released After 'Ultra-Secretive' Operation

Kidnapped Ledger Co-Founder Released After 'Ultra-Secretive' Operation

U.TodayU.Today2025/01/25 02:00
By:U.Today

Kidnapped Ledger co-founder David Balland has been released following an "ultra-secretive" operation, Le Parisien  reports . He is currently being treated by emergency services. 

The GIGN, the elite police tactical unit of the French National Gendarmerie, has spent the last 48 hours trying to track down the perpetrators under the direction of the Paris prosecutor's office. 

The Ledger co-founder was kidnapped from his home on Tuesday in Vierzon, a commune in the Cher department. 

Balland was pushed into a car and taken to an unidentified address by his captors. According to French media outlet M6 Info,  several kidnappers were spread across two vehicles.

The kidnappers were reportedly demanding 10 million euros from  Balland's relatives or associates. 

Balland was found alive on Wednesday following an initial operation by the GING. He was being held captive in a house in Châteauroux, the capital city of the French department of Indre. 

Several suspects have already been taken into custody. 

Balland's partner was also released this afternoon during a second GIGN operation in Étampes, a commune in the metropolitan area of Paris.

Some residents of Méreau and Vierzon noticed suspicious law enforcement activities, and rumors started to swirl about the possible kidnapping of Eric Larcheveque, the other Ledger co-founder. Some media outlets picked up these rumors. However, they ended up being false. 

Ledger is known as the leader in the cryptocurrency hardware wallet sector. Balland co-founded the company back in 2014. 

The hardware wallet manufacturer was valued at $1.4 billion as of March 2023. 

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

38% Dogecoin Rebound, Cardano Tests AI Limits, But Unstaked’s AI Advantage Steals the Show

Dogecoin (DOGE) jumps 38%, and Cardano (ADA) launches an AI testnet, but Unstaked’s advanced AI agents go beyond marketing, offering real impact and value.Dogecoin (DOGE) Future: Aiming for $3.94 with MomentumCardano (ADA) Blockchain Tests AI ScalabilityUnstaked: AI That Goes Beyond MarketingFinal Take: Real AI Utility vs. Hype

Coinomedia2025/05/08 21:11
38% Dogecoin Rebound, Cardano Tests AI Limits, But Unstaked’s AI Advantage Steals the Show

ETH Trades at Historic Lows vs BTC Since 2019

ETH hits lowest value compared to BTC since 2019, raising questions on a potential rebound amid mixed fundamentals.ETH Undervalued Against BTC: A Historical SetupBullish History, Bearish FundamentalsPatience Required for Ethereum Bulls

Coinomedia2025/05/08 21:11
ETH Trades at Historic Lows vs BTC Since 2019

Popcat Climbs, Dogecoin Stalls, But BTFD Triples Tokens with 200% Bonus—Best Meme Coin Presale to Buy Now Before May 26 DeadlineConclusion: Don’t Mis

BTFD Coin surges in Stage 15 with 90% APY staking and 200% bonus. Best meme coin presale to buy now before it launches on May 27!BTFD Coin (BTFD) – The Bulls Are Charging, Are You In?Dogecoin (DOGE) – The OG Meme King Facing Shaky GroundPopcat (POPCAT) – The Smart Money Magnet of the Moment

Coinomedia2025/05/08 21:11
Popcat Climbs, Dogecoin Stalls, But BTFD Triples Tokens with 200% Bonus—Best Meme Coin Presale to Buy Now Before May 26 DeadlineConclusion: Don’t Mis

SHIBA’s Hype Fades, ADA Devs Work; Meanwhile, Web3 ai Becomes Highest Trending Crypto With $500K Frenzy

Explore Shiba Inu (SHIBA) recovery trends, Cardano (ADA) prediction backed by developer growth, and how Web3 ai’s Portfolio Optimizer replaces guesswork with smart strategy. Learn why Web3 ai is gaining traction among the highest trending crypto tools.Web3 ai’s Portfolio Optimizer Turns Guesswork Into GainsShiba Inu (SHIBA) Recovery Sparks Renewed Interest After Key Price ReboundCardano (ADA) Prediction: Development Surge Fuels Bullish OutlookStrategy Over Speculation

Coinomedia2025/05/08 21:11
SHIBA’s Hype Fades, ADA Devs Work; Meanwhile, Web3 ai Becomes Highest Trending Crypto With $500K Frenzy