Ledger CEO says no company is immune from hacking

Pascal Gauthier, CEO of cryptocurrency hardware wallet maker Ledger, said in a recent interview with Bloomberg Crypto that every company will eventually be hacked. Asked how Ledger assures customers about the security of its devices, Gauthier said perfect security does not exist and that the same applies to every company, including Ledger. In October, some Ledger hardware products were found to have been fitted with malicious hardware, leading to the theft of users’ recovery phrases. On-chain analysts estimated the incident resulted in the theft of digital assets worth as much as $93 million from more than 300 wallets.