Ledger CEO Sparks Outrage With “Everyone Gets…
By Damilola Esebame
AI summary of the source article
Ledger CEO Pascal Gauthier sparked backlash after stating that "everybody will be hacked at some point" and "perfect security doesn’t exist." Critics argued the remarks undermine the security premise of hardware wallets amid recent supply-chain tampering issues.
Key facts
- Ledger CEO Pascal Gauthier told Bloomberg Crypto on 10 November that "everybody will be hacked at some point" and "perfect security doesn’t exist."
- Gauthier stated that roughly $90 million in losses tied to compromised Ledger devices accounts for about 0.01% of assets the company protects.
- MediaMarkt Saturn suspended Ledger sales across 11 countries following a reported hardware implant issue.
Source excerpt · FinanceFeeds
Ledger chief executive Pascal Gauthier told Bloomberg Crypto on 10 November that "everybody will be hacked at some point" and that "perfect security doesn’t exist," drawing immediate criticism from hardware wallet users and crypto commentators who argued the statement undermines the product Ledger sells. Gauthier Cites $12 Billion Stolen This Year Gauthier cited industry-wide theft figures to supp…