Ledger CEO and Former Mt. Gox Boss Clash Over $90M Wallet Scandal

Ledger CEO Pascal Gauthier told former Mt. Gox chief Mark Karpelès he is “no white knight” after Karpelès accused the wallet maker of knowing about advanced spy implants in March. Karpelès argues that clearer warnings at the time could have prevented more than $90 million in user losses. Did Ledger Ignore Warning Signs for Months? The former Mt. Gox CEO helped expose the threat after opening a sealed Ledger wallet and finding a hidden circuit board. The implant could capture a wallet’s 24-word recovery phrase and transmit it to criminals. That phrase gives attackers control over the funds. Karpelès now argues Ledger knew about sophisticated implants as early as March. He pointed to a March 6 security guide showing both handmade and mass-produced spy chips.

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