Crypto Investors Turn to Hardware Wallets as Hacking Incidents Reach Record Levels

As hacking incidents surge, crypto investors in New York City are increasingly turning to secure hardware devices like cryptocurrency wallets, driving Ledgers record revenues this year.

• Ledger, a Paris-based company, reported its best year yet, with revenues reaching triple-digit millions due to rising demand for secure cryptocurrency wallets amid record hacking incidents.
• The rise in hacking attacks has prompted investors to seek offline solutions for their digital assets, with security hackers targeting both companies and individuals in the cryptocurrency sector.
• Pascal Gauthier, chief executive officer of Ledger, emphasized that the heightened concern over security is fueling the growth of hardware wallets, particularly as Bitcoin and other cryptocurrencies gain popularity.