Crypto News: Ledger Considers NY Debut Amid Surge in Crypto Wallet Hacks

Ledger reports record 2025 revenue, reaching hundreds of millions of dollars. CEO Pascal Gauthier eyes a New York public listing or new private funding, driven by surging crypto wallet hacks.

Ledger, a company that makes hardware wallets for crypto, had its best year ever in 2025. They made hundreds of millions of dollars. This big success occurred because more people needed the protection of their crypto from hackers.

Ledger Secures $100B in Bitcoin, Explores Public Listing Amid Rising Hacks

According to the Financial Times, Ledger’s CEO, Pascal Gauthier, said their money increased a lot by the end of 2025. He also shared the fact that Ledger keeps around $100 billion in Bitcoin safe for their customers.

Gauthier said Ledger may go public in New York. This implies selling stocks on a stock market. Or, they might receive more money from private investors. They also plan to hire a greater number of people in New York City.

Gauthier said Ledger is having its best year. This is because both individuals and businesses are rushing to keep their digital money safe. Hackers are getting smarter day in and day out.

He warned that the problem of hacking is getting worse. “They are getting hacked to your bank accounts, to your crypto, and it is not going to get better next year and the year after that,” he stated.

This is a huge demand for Ledger products at a time when crypto theft is at an all-time high. Just in the first half of 2025, $2.2 billion in digital money was stolen by hackers. This is more than what was stolen in the whole of 2024.

Reports indicate that around 23% of such attacks were on individual crypto wallets. This makes people desire hardware wallets more. In addition, Ledger expects even more sales during Black Friday and Christmas.

Ledger Mulls New York Listing Despite Past Security Breaches

Ledger is considering listing its shares in 2025 in New York. This is as a result of its increased earnings because of more crypto wallet hacks. However, Ledger has been having its own issues of security.

December 2023 Ledger discovered an issue with its software. This gave bad code a chance to get into some crypto apps. Because of this, some users lost their money from their wallets. This attack was associated with a phishing attack on one of the old employees.

Also, Ledger is the target of a lawsuit filed by a group of people. This lawsuit began in February of 2025. It claims Ledger failed to protect customer information following an earlier data breach in 2020. That leak affected 270,000 people.

After the 2020 leak, the stolen customer details were used by hackers. They sent bogus hardware wallets that had harmful software to victims. These incidents have led some to question the safety of Ledger.

Despite these issues, Ledger still maintains that the hardware wallets are very secure. They point out factors such as storing private keys offline. These keys are kept in a special, safe chip. The device also has a secure operating system of its own. Ledger says that the screen on the device is very important. It’s controlled by the secure chip, and it helps to stop malware.

In conclusion, Ledger is doing very well financially, thinking about a big move to New York. This success is a result of the need for better crypto security due to the increase in hacks. But Ledger has to continue to demonstrate that it can secure its customers, particularly given the company’s past security woes.

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