Ledger CEO says everyone will be hacked eventually

What the Ledger chief said

Pascal Gauthier, chief executive and chairman of hardware wallet maker Ledger, said in an interview with Bloomberg that absolute security does not exist and that a hack will sooner or later affect everyone. The remarks were reported by Bits.media on 11 November 2026 in a summary of that interview.

According to the summary, the warning covers Ledger's own customers. As the report presents it, Gauthier's point starts from devices made by his company that have already been affected. The summary does not identify those incidents or say when the interview took place.

Ledger makes hardware wallets: physical devices that keep the private keys controlling crypto assets offline, away from an internet-connected computer. The report does not tie Gauthier's comments to a new incident, and it carries no direct quotation from him.

Bits.media is the only report available for this article, and it is a summary rather than a transcript. Gauthier's remarks reach readers through that summary.

What the report leaves open

The excerpt available does not say which past incidents Gauthier was referring to, how many devices were involved, or what response he proposed. It also does not say whether the interview was conducted before or after any specific event.

No figures for losses or affected users appear in the material, and no separate statement from Ledger is included. Whether the company plans to publish the interview or comment further is not stated.

Why the claim touches self-custody

A hardware wallet is a small device that stores the private keys to crypto assets offline. The owner holds those keys directly instead of leaving them with an exchange or another custodian. That arrangement removes one kind of risk, a failed or hacked platform, and leaves another: the device itself, its software, and the process of buying and setting it up.