David Balland's Kidnapping in France

This is a France news story, published by Wired, that relates primarily to David Balland news.

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Wired

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Business

Business & Economics

After a Violent Kidnapping, Crypto Elites Hire Bodyguards

Summary

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73% Informative

David Balland and his wife were forced at gunpoint into separate vehicles outside their home in Méreau , a commune in the opulent Loire Valley , France .

The kidnappers had targeted Balland , who cofounded cryptocurrency wallet company Ledger, with the goal of winning a ransom.

To protect themselves, wealthy crypto figures are turning to bodyguard services, which have experienced an influx of requests.

Few clients from the crypto sector require round-the-clock supervision, opting to use bodyguards predominantly when attending public events or travelling to locations abroad.

The practical reality of protecting a crypto executive differs from case to case, sources say.

The general idea is for a bodyguard never to be forced into action, but instead to head off potential threats long in advance.

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Informative language

Neutral language

Article tone

informal

Language

English

Language complexity

Offensive language

possibly offensive