Ledger Co-Founder Balland Kidnapped, Later Found Alive

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Ledger Co-Founder Balland Kidnapped, Later Found Alive
CRYPTOCURRENCYKIDNAPPINGLEDGER
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French authorities apprehended the perpetrators of a kidnapping involving Ledger co-founder, Nicolas Balland. Balland was held captive for 48 hours before being rescued in a house in Châteauroux. His partner was also released in a separate operation. Rumors circulated about another Ledger co-founder, Eric Larcheveque, potentially being kidnapped, but these were later debunked.

The GIGN , the elite police tactical unit of the French National Gendarmerie, has spent the last 48 hours trying to track down the perpetrators under the direction of the Paris prosecutor's office. Charles Hoskinson Reacts to John McAfee's X Account Suddenly Being Reactivated

Balland was pushed into a car and taken to an unidentified address by his captors. According to French media outlet M6 Info, several kidnappers were spread across two vehicles.The kidnappers were reportedly demanding 10 million euros from Balland's relatives or associates. Balland was found alive on Wednesday following an initial operation by the GING. He was being held captive in a house in Châteauroux, the capital city of the French department of Indre. Balland's partner was also released this afternoon during a second GIGN operation in Étampes, a commune in the metropolitan area of Paris.

Some residents of Méreau and Vierzon noticed suspicious law enforcement activities, and rumors started to swirl about the possible kidnapping of Eric Larcheveque, the other Ledger co-founder. Some media outlets picked up these rumors. However, they ended up being false. Ledger is known as the leader in the cryptocurrency hardware wallet sector. Balland co-founded the company back in 2014. Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies.

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