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French Crypto Innovator David Balland and Wife Rescued from Abduction

A high-profile kidnapping case involving a cryptocurrency entrepreneur ends in their safe return.

By Aurelien BreedenSource: nytimes.com1 min read
French Crypto Innovator David Balland and Wife Rescued from Abduction
Image via nytimes.com

In brief

After a 48-hour ordeal, David Balland, a Ledger co-founder, and his wife are home safe as authorities crack down on the kidnappers.

David Balland, co-founder of Ledger, a well-known cryptocurrency firm, and his wife have been rescued in France after being kidnapped for ransom. The couple was taken from their home in the city of Vierzon early Tuesday morning. Following their abduction, a massive police operation involving over 230 officers was launched, leading to their safe release without any shots being fired.French authorities detailed that the kidnappers had reached out to Ledger's team with demands for a significant ransom to be paid in cryptocurrency. The police were alerted promptly, and news outlets were advised to withhold details to protect the couple's safety. General Ghislain Réty, who led the rescue team, described the case as “extremely complex” but expressed relief at the successful outcome. In total, ten individuals have been arrested in connection with the incident.

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