David Balland, co-founder of the cryptocurrency company Ledger, was released after being kidnapped by several kidnappers

“The criminals demanded the payment of a large ransom in cryptocurrencies,” details the Paris prosecutor’s office on Thursday.

The area was cordoned off by police. David Balland, partner and co-founder of the company Ledger, world leader in the design of physical cryptocurrency wallets, was released on Wednesday January 22, thanks to the police after being kidnapped the day before from his home near Vierzon (Cher), announced Thursday the Paris prosecutor's office. The man was taken by his captors to an address where he was held captive.

“The entire national gendarmerie was contacted, from the Bourges research section to the National Cyber ​​Unit. Its work enabled the release of David Balland on January 22, he having been taken care of by the emergency services and requiring treatment”ensures the prosecution. An investigation was opened for kidnapping and sequestration by an organized gang.

“The criminals indeed demanded the payment of a large ransom in cryptocurrencies. This is a crime punishable by life imprisonment”further specifies the prosecution.