Ledger co-founder David Ballard has been released following his kidnapping earlier this week in central France.
The news of Ballards release comes after a few days of confusion.
The rescue, which authorities called a delicate operation, worked.
© Image via Shutterstock.
On Tuesday night, kidnappers grabbed Ballard in Vierzon, France.
They ushered him into a car and took him to a secondary location.
The group then reached out and demanded a large ransom in cryptocurrency for the entrepreneur.
The French cops were light on details but said that Ballard was safe and being seen bymedical professionals.
The investigation into who kidnapped him is ongoing.
The company bills them as a highly secure way to manage digital assets.
Kidnap and ransom schemes arent uncommon in the world of cryptocurrency.
Its connection to the black and grey markets and perceived untraceability make it an attractive currency for criminals.
And in markets with only semi-legal status, violence can get you a long way.
In 2024, a businessman was lured to Malaysia and forced to hand over alarge Bitcoin ransom.
A couple was kidnapped in Connecticut in October of last year in another allegedcrypto ransom scheme.
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