Ledger CEO Says ‘Everybody Will Be Hacked’

The CEO of crypto firm Ledger is warning of growing vulnerabilities related to digital assets.

In a media interview, Ledger CEO Pascal Gautier said that hacks such as the recent one at crypto exchange Binance are likely to become more common place in coming years. 

“Everybody will be hacked at some point,” said Gautier. 

He went on to note that the hackers who stole a record $6.3 billion U.S. from Binance found a way to take 40% of the stolen cryptocurrency in one hit, reducing their chances of being caught.

Gautier also pointed out that the hack is reported to have cost the perpetrators only $15 U.S. to carry out in a matter of minutes.

Ledger is a French crypto hardware wallet maker. The company is heavily invested in the security of digital assets, making Gautier’s comments particularly stark. 

Noting that 2026 is already the worst year on record for crypto hacks, with nearly $8.7 billion U.S. of digital assets stolen, Gautier said that “We are entering a world where every year is going to get worse.”

The Ledger CEO was speaking of the growing threats posed to crypto by artificial intelligence (A.I.) and quantum computers. 

Like others in the industry, Gautier is calling for stronger security features to safeguard digital assets from increasingly sophisticated hacks and cyberattacks. 

His comments come after Ledger reported last month that it lost nearly $90 million U.S. in a coordinated hack.

Gautier said it is important for the industry to band together and not to blame each other for hacks and thefts when they occur. 

"Binance is not the criminal. The attackers are the criminal. We all are together in this,” he said.

Ledger is privately held and its stock does not trade on a public exchange.