SALES OF HARDWARE WALLETS LEDGER DOUBLED AFTER HACKING OF BINANCE EXCHANGE

As the head of the Ledger company, Pascal Gauthier, said, after the hacking of the largest cryptocurrency exchange Binance last week, the sales of the company’s hardware wallets doubled.

“Binance got hacked and on the same day our sales doubled,” Gauthier said at an Atomic Swap conference in New York.

Pascal Gauthier raised the issue during a debate, when the conversation turned on the importance of key storage cryptocurrency exchanges and users. He stressed that the issue of security is critical in order to grow optimism around cryptocurrencies.

“We believe in the Ledger that the security is insufficient for asset protection. We think that this is a great technology, but its weak point is the end users and storage of private keys”, — said the head of Ledger.

He also noted that work on such an important aspect is full of stress. Especially at a time when the market capitalization is growing rapidly, and when it passes the $ 1 trillion mark, security will become even more important.

The attackers managed to steal from Binance exchange 7 000 Bitcoins and some user data, including two-factor authorization codes and API keys. After that, the company suspended the Deposit and withdrawal of funds and resumed them only on Tuesday.