David Balland, cofounder of cryptocurrency wallet company Ledger, was kidnapped in January 2023, targeting him for ransom. The perpetrators, after forcing Balland and his wife into separate vehicles, communicated demands to another Ledger cofounder, Éric Larchevêque. In a gruesome act, they severed one of Balland's fingers before he was rescued by French authorities. The incident has alarmed the crypto community, prompting wealthy individuals to seek increased security measures amidst rising threats, as illustrated by comments from experts in physical security.
The kidnapping of Ledger cofounder David Balland has sent shock waves through the cryptocurrency community, leading to increased security measures for wealthy crypto figures.
Prosecutors reported that the kidnappers used extreme measures to demand ransom, including severing one of Balland's fingers, raising the stakes in criminal activities targeting the crypto industry.
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