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Suspect Indicted in High-Profile Kidnapping of Ledger Co-Founder

A 26-year-old suspect, already jailed for another kidnapping case, has been charged in connection with the January abduction of David Balland, highlighting organized crime targeting the cryptocurrency sector.

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Le colonel Hervé Petry à Paris, le 23 janvier 2025.
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Overview

  • David Balland, co-founder of Ledger, and his companion were kidnapped on January 21, 2025, from their residence in Méreau, with a severed finger video sent as part of a cryptocurrency ransom demand.
  • Balland was released on January 22 after being held in Châteauroux, while his companion was found tied in a vehicle trunk in Essonne the following day.
  • On April 10, 2025, a 26-year-old suspect, already imprisoned for another kidnapping case, was indicted and incarcerated for his alleged role in this abduction but denies being the mastermind.
  • Seven additional individuals, including six men and one woman aged 20 to 40, have also been charged with extortion, money laundering, and other crimes tied to the kidnapping.
  • The case underscores the growing threat of organized crime targeting high-profile figures in the cryptocurrency industry, prompting extensive law enforcement efforts led by Junalco and the French Gendarmerie.