|Key People||Pascal Gauthier, CEO; Eric Larcheveque, Executive Chairman|
Products and Services
Ledger produces a small wallet called the Nano S, which can be connected via USB to a computer. Ledger also produces Ledger Blue, which is larger and can be connected to both computers and smartphones via USB. Ledger's Nano X is an upgraded Nano S that can be controlled via a mobile app. Both devices handle a number of cryptocurrencies in addition to bitcoin.
In May 2018, Ledger announced that it is joining the Japanese bank Nomura and investment firm Global Advisors to develop a regulated cryptocurrency safekeeping depository for institutional investors.
The French business magazine Capital reported on April 24, 2019 that Ledger had received a $2.9 million investment from South Korean Samsung, bringing Ledger's total funding to at least $85 million. In a related Tweet, Executive Chairman Eric Larcheveeque hinted that smartphone compatibility for Ledger drove the investment. Earlier in April French online news service Presse Citron reported that Ledger was considering laying off 20% of staff due to a persistent downturn in sales.
On July 29, 2020, Ledger announced via a blog post that its marketing and e-commerce database had been compromised by hackers in June, exposing customer contact and order information. Ledger said that payment information was unaffected and that the (approximately one million) affected customers had been notified via email. Ledger was reportedly notified about security flaws in its system via a respondent from its bug bounty program on July 14. Although Ledger patched its system to fix the vulnerability, its technicians discovered the vulnerability had already been exploited on June 25. Ledger said that private keys and other information pertinent to the security of customers' digital assets had not been stolen. Days after its discovery of the breach, Ledger filed a report with France's Data Protection Authority (CNIL) and later announced it had partnered with cybersecurity firm Orange Cyberdefense (OCD) to investigate the hacking attack and assess the full extent of the damage, as well as other security vulnerabilities. OCD filed an initial report on July 24, 2020.
John Lothian News
Ledger was highlighted in a recap of Consensus 2018 by contributing editor Chuck Mackie. You can read the article here.
- WHAT WE DO. Ledger.
- Japan: Nomura Bank Announces Crypto Custody Solution For Institutional Investors. Cointelegraph.
- Samsung Invests $2.9 Million in Crypto Hardware Startup Ledger. CoinDesk.
- Leading Crypto Hardware Wallet Creator, Ledger, Considers Cutting Nearly 20 Staff Members. Bitcoin Exchange Guide.
- Hardware wallet firm Ledger suffered data breach in June, says customer contact and order information compromised. The Block.