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

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.

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.

A co-founder of French crypto company Ledger was released on Wednesday after being kidnapped from his home in France, the prosecutor's office in Paris said. David Balland was kidnapped early on Tuesday morning at his home in central France and taken by car to another address where he was held captive,

French police rescue Ledger co-founder and wife in complex operation after brutal kidnapping, arresting ten suspects across multiple cities.