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.

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

Ledger co-founder David Balland was rescued after a kidnapping incident in France, reportedly involving a cryptocurrency ransom.

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.