‘Where there’s money, there will be hackers’: Ledger CEO

In a recent interview on Bloomberg TV, the CEO of Ledger Pascal Gauthier, stressed the importance of robust security measures in the world of cryptocurrency.

Citing the immutable nature of Bitcoin transactions, it warned That even if Bitcoin himself is designed to be secure, platforms where digital assets are stored – crypto exchanges – are privileged targets for pirates.

“Where there is money, there will be hackers,” said Gauthier, stressing that more funds in the system, the financial sector, including Bitcoin (BTC) and other cryptocurrencies are increasingly attracting malicious actors.

The CEO has explained that Bitcoin design intrinsically promotes self-detention, urging users not to leave their digital assets on exchanges where vulnerabilities exist.

“Do not leave your parts on an exchange,” he advised, noting that if users choose to do so, it is imperative that the safety measures of the exchange are practically impenetrable.

He has also developed that Ledger has devoted the last 10 years to refine their safety protocols, offering consumers a reliable way to store their cryptocurrency safely thanks to self-cuir solutions.

As much parallels with traditional banking practices, the CEO of the big book noted that, just as people place money in banks rather than keeping money at home, secure alternatives to self- leather exist for digital active ingredients.

These remarks follow a major security violation This resulted in a $ 1.5 billion hack in Bybit on February 21.

The attack targeted the Exchange Ethereum cold walletWith hackers bypass multi-signating protocols. Blockchain analysts linked the breach to the Lazare group in North Korea, linked to high -level cyber flights.

Gauthier stressed that Ledger technology – proven by selling eight million material portfolios – offers a superior option compared to obsolete methods, such as literally keep money under his mattress.