David Balland, co-founder of cryptocurrency firm Ledger, was rescued by French authorities following his kidnapping purportedly linked to a crypto ransom scheme. Balland was abducted from his home in Cher on Tuesday and held for approximately 24 hours before being liberated in a rescue operation by the National Gendarmerie. Reports indicate the kidnappers sought a substantial ransom from Balland’s family and associates, but the specific amount and whether it was paid remain unclear. After his rescue, Balland was taken to emergency services to address medical injuries sustained during the ordeal. This kidnapping coincides with rising cryptocurrency prices, as Ledger, valued at $1.5 billion in 2021, navigates the volatile landscape of digital assets.

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