Ledger Co-Founder David Balland Rescued After Kidnapping in France
David Balland, co-founder of Ledger, was abducted from his home in France on January 21. The kidnappers demanded a ransom in cryptocurrency, with details undisclosed. He was rescued on January 22 during a police operation.
Key details:
- Balland received medical attention post-release.
- French authorities are investigating the incident.
- Ledger specializes in hardware wallets and raised $380 million in 2021.
- The company is valued at $1.5 billion and has a factory in Vierzon, France.
Rising Crypto-Related Crimes
Balland's case highlights an increase in crimes against individuals in the cryptocurrency sector:
- In 2024, Canadian influencer Mirshahi was kidnapped and found dead.
- The CEO of WonderFi was held for a $1 million ransom but released unharmed.
- Violent home invasions for cryptocurrency theft have occurred in the U.S., leading to convictions.
This incident underscores the need for enhanced security measures within the crypto community.