Ledger CEO: Don't trust your coins to anyone

08/26 04:39

According to Cointelegraph, the rise of decentralized services and hardware security wallets means that we no longer need to rely on intermediaries to manage our financial assets and data, according to CEO Pascal Gauthier of hardware wallet Ledger, who has urged people to take on more responsibility. Speaking to Cointelegraph at Surfin’ Bitcoin 2022 on Aug. 25, Gauthier said that the recent collapse of centralized exchanges has showcased why investors shouldn’t rely on intermediaries to manage their digital assets. While most actors are well intended, Gauthier said “the [crypto] industry is too young”, the current state of the economy is “under stress” and if necessary, intermediaries will continue to prevent investors from accessing their holdings in times of need, citing the now bankrupt Celsius as a textbook example: “Don’t trust your coins and your private keys to anyone because you don’t know what they’re going to do with it.”
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