Ledger co-founder David Balland and his wife were the victims of a kidnap for ransom plot last week, but they were rescued by French authorities after the kidnappers mutilated one of the crypto executive's fingers.

David Balland and his wife were rescued in a police operation involving elite units, Paris Prosecutor Laure Beccuau said.

David Balland, co-founder of Ledger, a French crypto hardware wallet company, was recently the victim of a kidnapping incident in central France.

French authorities have reportedly rescued the co-founder of hardware wallet firm Ledger and his wife after they were kidnapped and held for ransom.

Ledger co-founder David Balland had been kidnapped on Tuesday. Earlier reports claimed the other Ledger co-founder Eric Larchevêque was the one kidnapped. Kidnappers reportedly demanded a significant amount of ransom in crypto.

David Balland, a founder of Ledger, a prominent cryptocurrency company, and his wife were freed after a 48-hour police search. Ten people have been arrested.

French authorities have detained seven individuals following the violent abduction of David Balland, co-founder of cryptocurrency security firm Ledger.

French police arrested 10 suspects in the kidnapping and torture of Ledger co-founder David Balland and his wife. Abducted from their home in Méreau, they were separated and held captive as kidnappers demanded a cryptocurrency ransom.

David Balland and his wife, Amandine, were abducted from their home in Vierzon. They both survived the ordeal, but Balland is missing part of his finger.