After cryptocurrency hardware wallet company Ledger faced a security hack yesterday, CEO Pascal Gauthier sought to address concerns and provide reassurance to Ledger users about the safety of their funds.
The attack involved hackers infiltrating Ledger’s Connect software library and inserting malicious code capable of stealing from users’ wallets.
According to Gauthier, the breach occurred after a phishing attack targeted a former employee, allowing the hacker access.
However, within 40 minutes of discovering the injected code, Ledger updated the software to remove the threat. He also claimed Ledger Live and physical wallets were not impacted.
Still, Gauthier acknowledged lingering worries that harmful code could remain cached in decentralized apps that integrate with Ledger wallets. He also advised users to take cautionary steps like clearing their cache.
While framing the security failure as an “unfortunate isolated incident,” the CEO promised Ledger would strengthen defences going forward. But for some X users, doubts likely remain despite the quick response and assurances.