David Balland, the Co-Fonder of Ledger, has been released by kidnappers in France. He was kidnapped this Tuesday and it was speculated that kidnappers would demand ransom. Notably, this latest incident has gained notable traction, especially amid the soaring kidnapping cases of the crypto asset owners.
Ledger Co-Founder David Balland Released
The Ledger Co-Founder has been released by kidnappers as per a report by Bloomberg, and there are no reports of them demanding any ransom from David Balland. It was earlier speculated that kidnappers would demand a portion of his holdings or would force him to transfer a few tokens to them. However, he has been released in France without any such demand being reported.
Gregory Raymond, Co-Founder of The Big Whale, has highlighted that the main intention of kidnappers was to extract ransom probably in the form of cryptocurrencies. A lot of details have not been revealed to avoid threatening the investigation. But, all the facts would be made public once the investigation concludes. It is important to note that this is a developing story and official authorities are searching for perpetrators.
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