Ledger CEO clashed with the former Mt and Gox executives, involving a $90 million wallet theft incident
2026-10-18 23:38:59
CoinMeta data: The chief of Ledger CEO Pascal Gauthier and the former chiefs of Mt and Gox are in open conflict regarding warnings about modified hardware wallets related to an estimated $90 million cryptocurrency theft. In a communication on October 17th, Karpel questioned whether Ledger clearly conveyed the dangers of complex spy implants. Gauthier defended the security efforts of Ledger and challenged the criticisms of Karpel. This dispute arose from the discovery of unauthorized electronic components in a genuine Ledger device; investigators found that these additional hardware components were capable of capturing the wallet's 24-word mnemonic phrase during the setup process and transmitting it via cellular connection. The study estimates that the loss exceeds $90 million. Ledger has not yet confirmed this figure as the final verified total, and the claim by Karpel that earlier warnings could have prevented these losses remains unproven.
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Source:Cryptonews
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