Ledger CEO Says No Device Can Provide Absolute Protection
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AT A GLANCE
According to media reports, Ledger CEO stated that no device, including Ledger, can provide absolute protection, and hardware manufacturers also face fundamental risks.
Article
Ledger CEO: No device can provide absolute protection, hardware manufacturers face the same risks
PANews November 11 News, according to BeInCrypto, Ledger CEO Pascal Gauthier acknowledged in response to customer security concerns on the Bloomberg Crypto program that no device, including Ledger, can offer absolute protection. He stated that as companies deal with the ongoing impact of the Binance hack, hardware manufacturers face the same fundamental risks as other market participants.
PANews November 11 news, citing BeInCrypto, reported that Ledger CEO Pascal Gauthier responded to customer security concerns on the Bloomberg Crypto program.
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Reportedly, he admitted that no device, including Ledger, can provide absolute protection.
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According to reports, he said that as companies deal with the ongoing impact of the Binance hack, hardware manufacturers face the same fundamental risks as other participants in the market.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
What this report conveys is that security protection has its limits: the Ledger CEO did not promise that the devices are absolutely secure. The original text does not specify what the exact risks are, nor does it report that Ledger devices have been attacked.
Why it matters to readers
This statement was made in response to customer concerns about device security, but the specific security status of Ledger devices cannot be determined based solely on this report.
Do not interpret the protection provided by the device as absolute security, and do not take this statement about risks directly as evidence that a security incident has already occurred at Ledger.
Risks and unknowns
The evidence is PANews' retelling of a BeInCrypto report; no original transcript of the program was provided, making it impossible to verify the full context.
The original text does not specify the particular risks faced by hardware manufacturers or their specific connection to the Binance hack incident.
The original text provides no information about attacks on Ledger devices, customer losses, or specific vulnerabilities.
