ZachXBT Mocks Ledger's US IPO: Just All About Maximizing Profit

BlockBeats News, January 23, On-chain detective ZachXBT criticized hardware wallet manufacturer Ledger's plan to go public in the US, stating that the French hardware wallet manufacturer Ledger has been hacked multiple times, leading to the leakage of its customers' private data and resulting in targeted theft, causing millions of dollars in losses. Currently, Ledger's products also have some significant issues, such as the battery problem with the Ledger Nano X. Ledger recently announced that it will charge a certain percentage of fees for clear signatures, and today's announcement of the IPO plan is simply to maximize profits.

The biggest security incident in Ledger's history was the June 2020 leak of its e-commerce database, where hackers illegally accessed its e-commerce and marketing databases using a misconfigured third-party API Key on the Ledger website, leading to the leakage of over 1 million email addresses, including about 272,000 complete personal information, including real names, mailing addresses, and phone numbers.

Earlier today, Ledger announced that it is planning to IPO in the United States, with a valuation potentially exceeding $4 billion. The company has partnered with Goldman Sachs, JPMorgan, and Barclays to advance this transaction, which could be completed as early as this year.