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Re:

Ledger Co-Founder David Balland Rescued After Kidnapping in France

David Balland, a Ledger co-founder, was released less than 48 hours after being abducted in Vierzon, France. The ransom amount was not disclosed.
From TheFinanceBase Team1 min to read
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David Balland, a co-founder of cryptocurrency company Ledger, was released on January 23, 2025, less than 48 hours after kidnappers abducted him in Vierzon, central France, according to a contemporaneous report by Gizmodo. The report said a cryptocurrency ransom had been demanded, but did not disclose an amount.

What happened to David Balland?

Balland was abducted in Vierzon on Tuesday, January 21, 2025, and taken to another location, according to Gizmodo’s January 23 report. Authorities announced his release on Thursday morning, less than 48 hours after he was taken. The report said he was safe and receiving medical attention.

What is known about the ransom?

The kidnappers demanded a large cryptocurrency ransom, the report said. It did not identify the amount or say whether any ransom was paid, so neither figure can be established from this account.

Why did reports of the kidnapping emerge later?

Gizmodo reported that authorities asked the press to withhold news of the abduction while they attempted a rescue. That delay contributed to confusion, including a false rumor that another Ledger co-founder, Eric Larchevêque, had been kidnapped. Ledger denied that rumor, according to the report.

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Ledger Nano X - Classic Crypto Wallet with Bluetooth
  • Effortlessly build your crypto portfolio via the all in one Ledger Wallet app: buy, sell, send, receive, swap, stake and more across popular blockchains. 15,000+ coins & tokens in a single dashboard. Keep a close eye on the market. Compare service providers. Track performance. Get timely alerts. Build your portfolio with confidence.
  • Effortlessly build your crypto portfolio via the all in one Ledger Wallet app: buy, sell, send, receive, swap, stake and more across popular blockchains. 15,000+ coins & tokens in a single dashboard. Keep a close eye on the market. Compare service providers. Track performance. Get timely alerts. Build your portfolio with confidence.
  • Enjoy Bluetooth connectivity, iOS access, and hours of battery use with this mobile-first, secure backup signer. Freedom you can depend on.
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What was the investigation status?

At publication on January 23, Gizmodo said the investigation was ongoing. Its report does not establish whether charges followed, whether a case went to trial, or what the eventual legal outcome was.

Who is David Balland and what does Ledger do?

Balland is identified in the report as a co-founder of Ledger SAS, a crypto startup that makes physical wallets for managing and transferring cryptocurrency. Gizmodo describes the devices as running a custom operating system. That company background does not establish that a crypto wallet can prevent kidnapping or protect someone from physical coercion.

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Ledger Nano S Plus - Classic Crypto Wallet
  • All your digital assets in one place. You can manage thousands of crypto including Bitcoin, Ethereum, Solana, Tether and more.
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  • All your digital assets in one place. You can manage thousands of crypto including Bitcoin, Ethereum, Solana, Tether and more.
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  • Connectivity: USB-C cable connection only. No Bluetooth.Compatible with the Ledger Wallet crypto app, both desktop (Windows, macOS, Linux) and mobile (Android only). Not compatible with iOS.
  • Protect your digital assets with the industry's best security: keep your private keys offline in your private signer, battle-tested by the Donjon's white hat hackers, CC EAL 6+ certified Secure Element, constantly updated Ledger OS.
  • Effortlessly build your crypto portfolio via the all in one Ledger Wallet app: buy, sell, send, receive, swap, stake and more across popular blockchains. 15,000+ coins & tokens in a single dashboard. Keep a close eye on the market. Compare service providers. Track performance. Get timely alerts. Build your portfolio with confidence.

Product prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on Amazon at the time of purchase will apply.

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