The recent abduction of Ledger co-founder David Balland and his wife has shaken the crypto community, as details of their rescue emerge.
French authorities, including the elite GIGN unit, launched multiple interventions across Vierzon and nearby towns, ultimately rescuing the victims and apprehending suspects.
The Abduction
On January 21, David Balland and his wife were kidnapped from their home, with the perpetrators demanding a ransom of 100 BTC (~$10 million). Balland’s severed finger was sent as proof to co-founder Éric Larchevêque.
Police Interventions
GIGN and local gendarmerie raided multiple locations in Vierzon and Méreau. Witnesses reported hearing explosions as officers forced entry into properties linked to the investigation.
- Local reports confirmed these operations were part of the case, though rumors suggesting Larchevêque was also abducted were dispelled.
The Rescue
Balland was rescued first, with his wife freed hours later from a car where she was tied up.
Outcome
- Arrests: French authorities detained 10 gang members, aged 20-40, now facing life imprisonment.
- Ransom Recovery: Most of the ransom, paid in bitcoin, was tracked and frozen
Security Tips for Public Crypto Figures
- Limit Personal Information: Avoid sharing home addresses, routines, or family details publicly.
- Invest in Home Security: Use advanced alarm systems, security cameras, and reinforced locks to deter intrusions.
- Travel Discreetly: Avoid broadcasting travel plans or locations in real-time on social media.
- Be Vigilant Online: Beware of phishing attempts and ensure sensitive communications are encrypted.
This article is published on BitPinas: Quick Take: French Authorities Free Ledger Co-Founder in Harrowing Kidnapping Case
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