What does the Bible say about the ransom paid by Christ?

The concept of ransom in the Bible is closely tied to the sacrificial death of Christ, which is described in Matthew 20:28, where Jesus states that He came to give His life as a ransom for many. This alludes to the Old Testament practice of offering a sacrifice to atone for one's sins. Just as the Israelites were required to pay a half shekel as a ransom for their souls in Exodus 30, Christ's sacrificial death serves as the ultimate ransom that redeems believers from the curse of the law and the penalty of sin. In Ephesians 1:7, it says, 'In Him, we have redemption through His blood, the forgiveness of sins according to the riches of His grace.' Thus, the ransom paid by Christ highlights the grace of God in providing salvation through faith in Jesus.