Ledger is weighing a New York listing after revenues hit triple-digit millions in 2025, driven by record crypto hacks and growing demand for cold storage wallets. French crypto hardware wallet provider Ledger is considering a New York listing as surging cyberattacks drive record demand for its hardware devices, sending revenues soaring into the triple-digit millions in 2025. CEO Pascal Gauthier recently told the Financial Times that the company, founded in Paris in 2014, is seeing its best year yet as both individuals and companies rush to protect their digital assets from increasingly sophisticated hackers. “We’re being hacked more and more every day ... hacking of your bank accounts, of your crypto, and it’s not going to get better next year and the year after that,” he said. Read more
Ledger’s new multisig app earns praise for tech upgrades but sparks backlash over added transaction fees. Crypto hardware wallet provider Ledger recently announced a new multisig interface that has been broadly welcomed as a technical improvement but criticized for introducing a new fee structure that some users have called a cash grab. The Ledger Multisig application will charge users a flat $10 fee for all transactions except token transfers, which incur a 0.05% variable fee. These charges come in addition to standard blockchain network gas fees, which are independent of Ledger. Ethereum developer and X user pcaversaccio criticized the move, writing: “You parade as Cypherpunk while trying to make Ledger Wallet (rebranded from Ledger Live) the single choke point for all crypto so you can squeeze everyone through it (guys, this won’t happen).” Read more
Ledger’s new multisig app earns praise for tech upgrades but sparks backlash over added transaction fees. Crypto hardware wallet provider Ledger recently announced a new multisig interface that has been broadly welcomed as a technical improvement but criticized for introducing a new fee structure that some users have called a cash grab. The Ledger Multisig application will charge users a flat $10 fee for all transactions except token transfers, which incur a 0.05% variable fee. These charges come in addition to standard blockchain network gas fees, which are independent of Ledger. Ethereum developer and X user pcaversaccio criticized the move, writing: “You parade as Cypherpunk while trying to make Ledger Wallet (rebranded from Ledger Live) the single choke point for all crypto so you can squeeze everyone through it (guys, this won’t happen).” Read more
Cointelegraph takes a look at the latest devices from Ledger and Trezor, two long-time leaders in self-custody hardware wallets. Major hardware crypto wallet providers Ledger and Trezor have both released new wallet iterations, giving users additional options to safeguard their assets through self-custody. Paris-based Ledger introduced its latest device, the Ledger Nano Gen5, on Thursday. In a notable shift, the company has dropped the term “hardware wallet” entirely, now referring to all its devices as “Ledger signers.” Rival hardware wallet company Trezor, based in Prague, also released its Trezor Safe 7 earlier this week, describing the device as its first quantum-ready hardware wallet. Read more
Unlike Ledger’s previously released key recovery product, Ledger Recover, the new Ledger Recovery Key is always offline and doesn’t require identification. Ledger, a major provider of hardware cryptocurrency wallets, has introduced an offline tool for private key recovery to help users regain access to their crypto wallets without relying on cloud-based services or personal data. Ledger Recovery Key is an offline physical recovery tool allowing Ledger Flex or Ledger Stax users to store their private keys on a smart card with NFC connection, the firm said in an announcement shared with Cointelegraph. Unlike Ledger’s previously released key recovery product, Ledger Recover, which stores encrypted fragments of recovery phrases in cloud-based hardware security modules, Ledger Recovery Key is always offline and protected by its own PIN. Read more
The latest reported “wrench attack,” in which criminals targeted individuals for their crypto holdings, occurred in the suburbs of Paris this week. France has reportedly seen another incident targeting cryptocurrency users, this time involving the kidnapping of a 23-year-old man in a Paris suburb. According to a Thursday report from French news outlet Le Parisien, the victim was abducted in Maisons-Alfort and held captive for several hours while the perpetrators demanded his partner to turn over 5,000 euros ($5,764) in cash, along with the key to a Ledger hardware wallet containing an unreported amount of crypto. The report suggested that the criminals used violence to extract information regarding his digital assets. Read more
The incident reveals the ever-evolving tactics scammers employ against the crypto community and serves as a reminder to remain vigilant. Scammers posing as Ledger, a hardware wallet manufacturer, are sending physical letters to crypto users instructing them to "validate" their wallets or risk losing access to funds, in the latest phishing attack to impact the industry. BitGo CEO Mike Belshe shared a picture of the scam letter, which featured a QR code, presumably linked to a malicious phishing site. The letter was sent through the United States Postal Service (USPS), according to the executive. "These are all scams do not fall for any of these," Troy Lindsey wrote after receiving a copy of the phishing letter. Read more
An unknown attacker hacked into a moderator’s account and used a bot to share phishing links and steal user funds. Hardware wallet provider Ledger has confirmed its Discord server is secure again after an attacker compromised a moderator’s account to post scam links on May 11 to trick users into revealing their seed phrases on a third-party website. “One of our contracted moderators had their account compromised, which allowed a malicious bot to post scam links in one channel,” Ledger team member Quintin Boatwright wrote on the Ledger Discord server. Some members in Ledger’s Discord channel claimed the attacker abused moderator privileges to ban and mute them as they tried to report the breach, possibly slowing Ledger’s reaction. Read more