In January 2025, David Balland, co-founder of Ledger, was kidnapped in France with a €10 million cryptocurrency ransom demanded. This incident raises important issues about security for cryptocurrency professionals.
Ledger Co-Founder Abduction and €10M Ransom Demand
David Balland, who co-founded Ledger, faced a severe ordeal when he and his partner were kidnapped with a €10 million crypto ransom demanded. The kidnappers contacted Éric Larchevêque with a ransom video, who in turn alerted authorities. This incident occurs amid growing attacks on crypto executives.
Security Measures Triggered by Kidnapping
The kidnapping sparked immediate security concerns among crypto holders, leading to emergency meetings with the French government and crypto industry stakeholders. Governments and industry leaders began establishing new emergency protocols for crypto professionals, enhancing collaboration between law enforcement and the crypto community. As the French Interior Ministry stated, 'Initial immediate prevention and protection measures had been agreed. The measures include close collaboration between police and crypto professionals, 'priority access' to emergency call numbers and home safety consultations.'
Escalating Violence Against Crypto Executives Highlighted
This case follows a series of violent attacks on crypto executives, highlighting ongoing vulnerabilities within the industry despite technical integrity. Experts suggest the need for increased security measures, with historical trends indicating a shift towards collaborative safety protocols in response to such threats.
The kidnapping of David Balland serves as an important reminder of the increasing security threats for professionals in the crypto industry and the necessity for active collaboration between law enforcement and industry participants.
