ZachXBT: Ledger Faces Data Breach and Product Defects, Yet Plans for US IPO

Foresight News reported that on-chain detective ZachXBT tweeted that French hardware wallet manufacturer Ledger has experienced multiple security breaches, resulting in the leakage of its customers' private data and leading to several targeted thefts and millions of dollars in losses. ZachXBT pointed out that Ledger's existing products have significant issues, such as battery failures in the Ledger Nano X. In addition, after recently announcing that it would charge a percentage fee for the "clear signing" feature, Ledger now plans to seek more revenue through a US IPO.