Suspect in kidnapping of Ledger co-founder arrested in Spain
Spain’s Civil Guard has arrested a man wanted by France in connection with the kidnapping of Ledger’s co-founder David Balland. This case is significant due to the crime’s scale and its international investigation.
Source Incrypted
According to investigators, the suspect was involved in the kidnapping and torture of the entrepreneur, demanding a ransom of €10 million. Balland was released the day after the police operation.
The suspect had been hiding in Spain, using rented accommodation and other people’s bank cards. The arrest took place in Málaga.
Ledger is a global company specializing in hardware wallets for cryptocurrencies, providing digital asset security to millions of users worldwide.
The arrest marks a key development in the investigation, highlighting law enforcement’s efforts to combat organized crime linked to the cryptocurrency sector.
This news underscores the continuing risks faced by crypto industry figures and may lead to harsher protective measures going forward.
