PANews, March 23: According to DL News, Spanish and French police recently arrested a man in Spain suspected of involvement in the kidnapping of Ledger co-founder David Balland. In January 2025, the gang kidnapped Balland and his partner in central France, severed one of his fingers, and attempted to force him to transfer approximately $11.5 million in Bitcoin. At the time, police rescued the hostages near the crime scene and arrested ten individuals; the final suspect fled to Spain, changed residences multiple times, and was eventually apprehended near Málaga. A Spanish court is now proceeding with his extradition to France under the European Arrest Warrant mechanism.
Suspect in the kidnapping of Ledger co-founder David Balland arrested in Spain
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Summary
Bitcoin breaking news: Spanish and French police have arrested a suspect in Spain connected to the kidnapping of Ledger co-founder David Balland. The suspect, who fled to Spain after the January 2025 kidnapping in central France, was apprehended near Málaga following multiple relocations. The kidnappers had severed Balland’s finger to coerce him into transferring approximately $11.5 million in Bitcoin. The suspect is now undergoing extradition proceedings to France under an EU arrest warrant. Bitcoin news continues to underscore high-profile security incidents in the crypto space.
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