David Balland, the co-founder of popular cryptocurrency wallet company Ledger, has been released after being kidnapped in France. Balland was reportedly abducted on Saturday morning in Paris, with his captors demanding a ransom for his release.

According to reports, Balland was freed on Sunday evening after a successful police operation. The French police have not disclosed any further details about the case, and it is currently unclear whether the ransom was paid or if any suspects have been apprehended.

Ledger, known for its hardware wallets that store users’ cryptocurrency assets offline for security, has not released an official statement regarding the incident. The news of Balland’s kidnapping has shocked the cryptocurrency community, with many expressing their relief at his safe return.

The incident serves as a reminder of the potential risks faced by individuals in the cryptocurrency industry, where high-profile figures can become targets for criminal activities. Security measures and precautions are crucial for anyone involved in the space to protect themselves and their assets.

As the investigation into the kidnapping continues, more details may emerge regarding the circumstances of Balland’s abduction and release. In the meantime, the cryptocurrency community is grateful for his safe return and hopes for his well-being in the aftermath of this traumatic experience.

The post Report: Co-founder of Ledger freed after being held captive in France for several days appeared first on Crypto Breaking News.

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Filed under: News - @ January 23, 2025 1:22 pm