WuBlockchain
Ledger CEO Pascal Gauthier said perfect security does not exist and that the hardware wallet maker can be hacked like any other organization. He expects security threats to worsen year after year.
In a November 10, 2026 interview with Bloomberg Television, Gauthier put losses at about 0.01% of the assets Ledger protects. He said the hardware wallet industry has suffered smaller losses than centralized institutions, both in dollar terms and as a share of assets, and argued that decentralized security remains more effective.
Gauthier also said the market still needs banks and Binance, alongside decentralized security.
Frequently asked questions
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How does Gauthier assess Ledger's exposure to hacking?
Gauthier said perfect security does not exist and that Ledger can be hacked like any other organization.
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What share of protected assets did Gauthier attribute to losses?
He put losses at about 0.01% of the assets Ledger protects.
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How did Gauthier compare hardware wallet losses with centralized institutions?
He said the hardware wallet industry has suffered smaller losses, both in dollar terms and as a share of assets.
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What role does Gauthier see for banks and Binance?
He said the market still needs banks and Binance alongside decentralized security.
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What does Gauthier expect from future security threats?
He expects security threats to worsen year after year.
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