Local media refutes Ledger CEO kidnap speculation

Allegations that criminals kidnapped Ledger co-founder and CEO Erich Larchevêque have been debunked, according to a local source.

Reports of Larchevêque’s alleged kidnapping in France began circulating on Wednesday, January 22, originating from a French profile on ransomed by bad actors while French police investigated the matter. matter.

Although Larchevêque was not explicitly named in the original post, a photo of the CEO attached to the tweet fueled widespread speculation.

Gregory Raymond, head of research and co-founder of investigative company The Big Whale, later dismissed the allegations. According to Raymond, there is no truth in the reports of Larchevêque’s involvement in any kidnapping.

“Be careful with published information that could threaten an ongoing investigation in France,” Raymond common on X, responding to the rumors.

Ledger, a leading hardware wallet manufacturer, was co-founded in 2014 by eight cryptocurrency experts, including Erich Larchevêque, David Balland, Joel Pobeda, Nicolas Bacca and Thomas France. The company reached a valuation of $1.4 billion after a $108 million funding round in 2023.

This is a developing story.