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News

Ledger Co-Founder Safe Following Kidnapping

David Balland had been taken from his home in France on Tuesday.
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Jan 23, 2025 • 1 min read

David Balland, co-founder of Ledger, was abducted from his home in Cher, France, on Tuesday and held for ransom before being released Wednesday.

What's the Scoop?

  • The Abduction: David Balland was taken from his house on Tuesday in the early morning and transported to another location where he was held captive. 
  • Ransom Demands: The kidnappers demanded a significant amount of money for Balland's release, it is uncertain how much.
  • Rescue Operation: French law enforcement agencies conducted a successful operation leading to Balland's release on Wednesday. However, it is unclear whether ransom demands were met for the release of David Balland

Bankless Take

This incident shows the growing security risks that high net worth individuals are facing currently, particularly in the crypto space. While plenty of focus is placed on keeping private keys safe, people in crypto likely are not as well-versed in personal security.

Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here.

Published in Bankless

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