French authorities arrested ten individuals for kidnapping David Balland, co-founder of crypto firm Ledger. The armed gang abducted Balland and his partner, demanding a €10 million crypto ransom. During captivity, Balland suffered severe injuries, including the mutilation of his hand. Elite police unit GIGN rescued the victims after 24 hours, arresting the suspects, though the masterminds remain at large. A portion of the ransom was paid but later frozen. The case highlights rising security threats in the crypto industry, with executives increasingly targeted for their digital assets and wealth. Investigations continue to track remaining perpetrators.
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