A co-founder of cryptocurrency hardware wallet firm Ledger has been released from captivity in France, roughly a day after what’s being described as a kidnapping with crypto ransom demands.

Ledger co-founder David Balland, was abducted Tuesday from his home in Cher (Centre-Val de Loire) alongside his wife, French news outlets reported Thursday, citing a statement from the Paris prosecutor’s office. Kidnappers drove Balland and his wife to an address in a nearby town, where they remained captive for roughly 24 hours.

Local law enforcement liberated them on Wednesday in a rescue operation led by the National Gendarmerie and its intervention group.

The kidnappers demanded a large ransom from the businessman’s associates and family, local news outlets reported. The amount of the ransom, and whether or not it was paid, remains unclear as of publication time.

French newspaper Go to Source to See Full Article
Author: Liz Napolitano