ZachXBT mocks Ledger's US IPO: It's just to maximize profits.

BlockBeats News, January 23, on-chain detective ZachXBT offered a critical assessment of hardware wallet manufacturer Ledger's plan to go public in the US. He stated that the French hardware wallet manufacturer Ledger has suffered multiple breaches, resulting in the leakage of its customers' private data and targeted thefts, causing millions of dollars in losses. Currently, Ledger's products also have some major issues, such as the battery problem with the Ledger Nano X. Ledger recently announced that it will charge a certain percentage fee for clear signing, and today's IPO announcement is just another move to maximize profits.

The largest security incident in Ledger's history occurred in June 2020, when its e-commerce database was breached. Hackers exploited a misconfigured third-party API Key on Ledger's website to illegally access its e-commerce and marketing databases, resulting in the leak of over 1 million email addresses, including about 272,000 complete personal information records, such as real names, mailing addresses, and phone numbers.

Earlier today, Ledger announced that it is planning to conduct an IPO in the United States, with a potential valuation exceeding $4 billions. The company has partnered with Goldman Sachs, Jefferies, and Barclays to advance this deal, which could be completed as early as this year.