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.

According to Le Parisien, David Balland and his wife were kidnapped from their home in Vierzon, France, by a violent criminal gang who subjected them to brutal torture.

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.

Most of the suspects were already known to police for past criminal activities, but none had previously been involved in gang-related crime, according to prosecutors.

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.

On the evening of January 23, the special operation of law enforcement to rescue the co-founder of the French cryptocurrency company Ledger, David Bal

French authorities freed Ledger co-founder David Balland on Wednesday, local outlets reported, following his abduction in an apparent crypto ransom scheme.

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.