Highlight clip: Ledger CEO: Everyone will be hacked at some point.
In an interview with Bloomberg TV on November 10, 2026, Ledger CEO Pascal Gauthier was asked how the hardware wallet maker can reassure users about the security of its devices. He said that perfect security does not exist and Ledger can be hacked like any other organization. Gauthier said the losses amounted to about 0.01% of the assets Ledger protects. He said the hardware wallet industry suffered smaller losses than centralized institutions, both in dollar terms and as a share of assets, and argued that decentralized security remains more effective. He added that the market still needs banks and Binance and that he expects security threats to worsen year by year.