KEY POINTS
- The kidnappers sent a video of Balland's mutilated finger to another Ledger co-founder and demanded crypto in exchange for the Balland couple's release
- Seven people were being held in custody by French authorities Sunday in relation to the kidnapping and could face long prison terms
- Crypto users are concerned that the public visibility of crypto holders may make them targets of similar attacks
David Balland, a co-founder of Ledger, one of the world's leading cryptocurrency companies, was kidnapped and tortured alongside his wife last week, and the kidnap for ransom plot has raised concerns across the crypto space over the safety of crypto executives whose wealth and net worth are known to the public.
