Ledger CEO Addresses Recent Hack
Ledger CEO Pascal Gauthier has responded to the recent hack of the company’s Javascript connector library in a blog post. He assured users that the incident was isolated and pledged to enhance security measures.
The Scope of the Hack
Gauthier explained that the exploit lasted less than two hours and was deactivated within 40 minutes of its discovery. It only affected third-party DApps and did not impact Ledger hardware or the Ledger Live platform. The hack was made possible after a former employee fell for a phishing scam, leaving their identity in the hacked code.
Stringent Security Measures
Gauthier emphasized that Ledger follows strict security protocols, including multiple reviews and code multi-signatures for most of their development processes. When an employee leaves the company, their access to all Ledger systems is revoked. In response to the hack, Ledger will implement even stronger security controls.
Preventing Future Hacks
Gauthier acknowledged that similar hacks could occur in the future and urged other companies to take precautions. He also confirmed that Ledger Connect Kit 1.1.8 is safe to use and expressed gratitude to WalletConnect, Tether, Chainalysis, and zachxbt for their assistance.
Hot Take: Ledger CEO Promises Enhanced Security After Recent Hack
In response to the recent hack of Ledger’s Javascript connector library, CEO Pascal Gauthier has addressed the incident and assured users of stronger security measures. The hack was deemed an isolated incident that only affected third-party DApps, with Ledger hardware and Ledger Live remaining unaffected. Gauthier highlighted Ledger’s stringent security protocols, including multiple reviews and code multi-signatures, while pledging to implement even stricter controls. He also emphasized the importance of preventive measures for other companies and confirmed the safety of Ledger Connect Kit 1.1.8. Gauthier expressed gratitude to several parties for their assistance in resolving the issue.
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