Ledger CEO Pascal Gauthier warns 'everybody will be hacked at some point'
During a Bloomberg Television appearance following a reported $6.3 billion hack on Binance, Ledger CEO Pascal Gauthier warned that perfect security does not exist and everyone will eventually suffer a cyber breach.
In an interview with Bloomberg Television, crypto hardware wallet firm Ledger's CEO Pascal Gauthier warned that "everybody will be hacked at some point." When asked how he reassures customers regarding the safety of Ledger devices, Gauthier stated that perfect security does not exist and conceded that Ledger can be compromised just like any other organization.[1][2][3]
The remarks came in the wake of a $6.3 billion hack affecting Binance, according to Cointelegraph, with Bloomberg's broadcast displaying the segment banner "Relationship damage from Binance heist." Gauthier argued that consumer hardware like phones and computers were never engineered with security as their primary foundation. He added that artificial intelligence is making cyberattacks faster and more sophisticated as an increasing volume of money and digital assets migrate online.[1][4][5]
Despite the warning, Gauthier maintained that decentralized security remains more effective than centralized alternatives. He reported that losses have amounted to roughly 0.01% of the assets Ledger protects, emphasizing that the hardware wallet sector has incurred smaller losses than centralized institutions in both dollar terms and as a proportion of assets. Nonetheless, he noted the broader market still requires banks and Binance, even as he expects digital security threats to worsen annually.[3]
Key facts
- Ledger CEO Pascal Gauthier stated during a Bloomberg Television interview that "everybody will be hacked at some point."
- Gauthier said that "perfect security doesn't exist" and that Ledger can be hacked like any other organization when asked how he reassures users about device security.
- Cointelegraph reported the interview followed a $6.3 billion hack on Binance, and the Bloomberg broadcast ran with the on-screen banner "Relationship damage from Binance heist."
- Gauthier stated that losses have accounted for about 0.01% of the assets Ledger protects.
- Gauthier argued that the hardware wallet industry has experienced lower losses than centralized institutions by total dollars and asset share, while adding the market still needs banks and Binance.
- Gauthier warned that phones and computers were not originally built with security as a foundation, and that AI is accelerating the speed and sophistication of cyber threats.
Sources · 5 sources
- WG
Watcher.Guru@WatcherGuruPost on X ·
JUST IN: Crypto wallet company Ledger CEO says "everybody will be hacked at some point." https://t.co/iP00xDJ0Td
Open source - TB
The Block@TheBlockCoPost on X ·
THE BLOCK: "Everybody will be hacked at some point," Ledger CEO Pascal Gauthier told Bloomberg Crypto on Tuesday when asked how he reassures customers that its devices are safe. "Perfect security doesn't exist, and that rule applies to Ledger as well as others," he added. https://t.co/AypWgAv4W3
Open source - WB
Wu Blockchain@WuBlockchainPost on X ·
Ledger CEO: Everybody will be hacked at some point In an interview with Bloomberg Television @BloombergTV on November 10, 2026, Ledger CEO Pascal Gauthier @_pgauthier was asked how the hardware wallet maker could reassure users about the security of its devices. He said perfect security does not exist and that Ledger can be hacked like any other organization. Gauthier said the losses amounted to about 0.01% of the assets Ledger protects. He said the hardware wallet industry has suffered smaller losses than centralized institutions, both in dollar terms and as a share of assets, and argued that decentralized security remains more effective. He added that the market still needs banks and Binance and that he expects security threats to worsen year after year.
Open source - MN
Mario Nawfal@MarioNawfalPost on X ·
The CEO of one of the world’s biggest crypto hardware wallet companies has a pretty DARK prediction for our digital future: “Everybody will be hacked at some point.” Ledger CEO Pascal Gauthier has been warning that AI is making cyberattacks faster and more sophisticated, while more money and assets move online. His argument is that phones and computers were never designed with security as their foundation. Writer: Sol https://t.co/INpOTtAc7b
Open source - CO
Cointelegraph@CointelegraphPost on X ·
🚨 INSIGHT: Ledger CEO Pascal Gauthier warned that “everybody will be hacked at some point” following Binance’s $6.3 billion hack. https://t.co/OZA9XhYOs5
Open source