BlockBeats News, January 23, on-chain detective ZachXBT criticized hardware wallet manufacturer Ledger’s plan to go public in the US through an IPO, stating that the French hardware wallet manufacturer Ledger has been hacked multiple times, leading to the leakage of its customers’ private data and triggering targeted theft, resulting in millions of dollars in losses. Currently, Ledger’s products also have some major issues, such as the battery problem with the Ledger Nano X. Ledger recently announced that it will charge a certain percentage of fees for clear signatures, and today’s announcement of an IPO plan is only to maximize profits.
The largest security incident in Ledger’s history was the June 2020 e-commerce database leak, where hackers exploited a misconfigured third-party API Key on the Ledger website to illegally access its e-commerce and marketing database, resulting in the leakage of over 1 million email addresses, including approximately 272,000 full personal details, such as real names, mailing addresses, and phone numbers.
Earlier today, Ledger announced that it is planning to conduct an IPO in the United States, with a valuation potentially exceeding $4 billion. The company has partnered with Goldman Sachs, JPMorgan, and Barclays to advance this transaction, which could be completed as early as this year.
