Ledger CEO faces backlash after saying everybody will be hacked at some point

Ledger CEO Pascal Gauthier has faced criticism from the cryptocurrency community after warning that everyone will eventually be hacked, a statement that has raised questions about the security assurances offered by hardware wallet manufacturers. Ledger CEO Pascal Gauthier has faced criticism after saying everyone will eventually be hacked and acknowledging that perfect security does not exist, including at Ledger. Crypto users on X questioned the remarks, arguing that they appeared at odds with Ledger's business of selling hardware wallets designed to protect digital assets. Gauthier defended hardware wallets during a Bloomberg interview, arguing that decentralized asset protection has resulted in considerably smaller losses than centralized platforms. The backlash follows recent security incidents involving compromised Ledger devices, while Sui hardware wallet project Suiball has announced its closure amid industry security concerns.

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