Ledger Co-Founder David Balland Rescued Following Kidnapping
In a shocking turn of events, David Balland, co-founder of Ledger, was rescued unharmed after being kidnapped earlier this week. Initial reports incorrectly identified fellow co-founder Eric Larchevêque as the victim, adding confusion to the already bizarre case.
French police confirmed that Balland was abducted on Tuesday and later freed during an operation in Vierzon. While the investigation is ongoing, authorities have not disclosed why Balland was targeted or details about the kidnappers’ demands. Uniquely, the criminals sought Bitcoin from a third party rather than attempting to steal Balland's own holdings.
Balland is recovering from minor injuries, and police continue their search for the perpetrators. This case highlights the growing risks faced by high-profile figures in the crypto industry as criminals explore increasingly sophisticated schemes.
Material prepared by the exchange: coytx.com
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