French Police Rescue Ledger Co-founder

French Police Rescue Ledger Co-Founder from Kidnappers

• David Balland, co-founder of Ledger, and his wife were kidnapped on January 21.
• The GIGN, a special unit of the French gendarmerie, conducted the rescue operation.
• Part of the cryptocurrency ransom was paid but was tracked, frozen, and confiscated.
• Ten suspects were arrested; seven will face trial for kidnapping-related charges.
• The incident follows a phishing attack targeting Ledger hardware wallet owners in December 2024.

The successful operation by GIGN led to the safe rescue of David Balland and his wife. Authorities managed to trace and confiscate almost the entire ransom amount. Seven suspects are set to face trial for their involvement in the kidnapping.