Sales of crypto wallets from Ledger doubled amid the hacking of the Binance

exchange

The head of Ledger reports that against the background of a hacker attack on the Binance crypto-exchange, as a result of which over $ 40 million was stolen, sales of hardware purses from the company doubled.

Pascal Gauthier, general manager of the French company Ledger, which specializes in the development of hardware crypto wallets, told during his speech at the Atomic Swap conference in New York that due to the increasing public concern about security in the digital world Binance sales of devices from Ledger doubled. Gauthier noted:

“Binance was hacked, the day Binance was hacked, our sales doubled.”

Ledger believes that the level of security in the crypto industry is currently insufficient to ensure proper protection of user assets. Cryptocurrencies and blockchains are undoubtedly a great technology, but the weakness of the crypto-industry is in providing end users and their assets with adequate protection. Representatives of Ledger perfectly understand how important security is, and therefore, according to Gauthier, the company is extremely pleased that it is precisely in the process of creating the level of security that the young industry needs.

Gauthier, however, acknowledged that the process of developing a product that is extremely important for safety is stressful enough. It is especially hard to work at a time when the market capitalization is growing – when the figures exceed $ 1 trillion, the issue of security will become even more pressing. So, according to Gauthier, Ledger may need to make additional investments in order to meet the needs of the crypto community.