brypto

Ledger Co-Founder's kidnapping is a brutal reminder to be very careful about your security as a public crypto person

- On Jan 21, David Balland and his wife are abducted from their home and taken to separate locations
- Kidnappers demand 100 BTC (~$10M) ransom from another co-founder, allegedly Éric Larchevêque, and send one of David’s severed fingers as proof
- Part of the ransom is paid to buy time
- GIGN (France's elite unit) locates and rescues David
- Hours later, they free his wife, found tied up in a car
- Most of the ransom is tracked and frozen

Total suspects apprehended: 10 gang members (ages 20-40), now facing life imprisonment

Kudos to the police for their incredible work. 

Stay safe out there.

Absolutely terrifying incident. Security measures are crucial in the crypto world. Kudos to the authorities for their swift action. Stay vigilant and safe, everyone.