I don't expect CZ to be saying things like this in public, for crying out loud, ledger wallet is even one of the worst how do we wallet to consider using even before the recent issue they had, since it has been discovered that did no longer have privacy confined in using their wallet, and I've been seeing several repeatable members of this forum kicking against using ledger wallet and will rather support trezor among others, this same ledger wallet is what we now see CZ coming to support and this is so disappointing is here even at the heat of the current issue with Ledger hardware wallet.

From a technical standpoint, CZ is right, as no vulnerabilities allowing the theft of assets (as happened with Coldcard) have been discovered to date in the Ledger's wallets. Ledger's HW devices have not been hacked. For now.

To date, there have been no known hacks resulting in the loss of assets stored on this hardware wallets. Data leaks are not the same as hacking the Ledger device itself. While such incidents damage this company's reputation, they don't affect the reliability of its products. Furthermore, the closed-source code (which could theoretically contain undetected backdoors) has not caused a single failure so far.

One should only be accused of what has already happened, not of what might (theoretically) happen.
 
The question is, why is he doing this, and what does he stand to gain from it?

It would also be interesting to know what device CZ uses. Does he trust Ledger to store his personal crypto assets?

However, it didn't cause its users problems regarding the loss of stored assets (through the manufacturer's fault).

Ledger’s strong marketing department enables it to acquire new clients. What they are truly good at is selling.

It seems we are entering an era where one should steer clear of all these HW devices (and their manufacturers).

I’m not ready to take CZ at his word, but I am ready to judge by his actions. Let him show his hardware wallet and that will set the record straight.

I don't know if these two companies ever partnered in the past,  but I think he spoke too much during certain security incidents without considering that it might hurt the victims' feelings.


If CZ truly valued privacy, Binance would never have KYCed. Therefore, privacy is not a factor when claiming the wallet is "secure."

In my view we should completely avoid Ledger wallets. We don't know from exactly how many supply chain those compromised hardware wallets have been distributed to users.

As ordinary users even if we wanted to we wouldn't be able to check and determine whether our hardware wallet had been compromised. Since money is at risk here I think it's best to avoid Ledger completely.

I thought CZ would take advantage of this situation to promote Trust Wallet. It's a good thing he didn't otherwise he would have been roasted by the public.

What a timely comment lol. Imagine a crypto influencer saying those things to see who would still believe them.

Of course, the ones affected are those who were sold by CryptoBilis this year, but it will certainly damage Ledger's reputation again, and people will remember this the next time something like this comes up.

I have a Ledger, and it has served me well so far but won't be recommending them.

Oh, again with this thing.
Open source software means really nothing other than you can audit the code yourself!
The bug that was the culprit in the seed creation in coldcard stood there in the open for eveyone to see for years, nobody realized it.
Electrum had bugs, for god's sake, Bitcoin Core had bugs that stayed in the open, and luckily nobody was able to take advantage of them first.
Open source has its own vulnerabilities, it's easier for the bad guys to simply inspect code, if they find the bugs before the good guys release an update, you're done for!

This myth of it's open source it's invulnerable, it's closed source so it's buggy needs to die!


Although I despise CZ as much as one can despise a lifeform pretending to be human, he is right here, the ledger wasn't breached if I put a camera on your ceiling and I capture you writing down your paraphrase on a piece of paper, it doesn't make personal cold storage obsolete or insecure.

CZ as an influencer was known through Binance which is a centralized exchange, now he is given advice to new crypto users on hardware wallets Ledger precisely and from his statement, he is encouraging its usage but to be careful of buying fake. I don’t know what he is after, but I think he is just trying to be valuable in both centralized and decentralized aspect of crypto, maybe he have a plan for making this statement.

What’s just there right now is to go wallet that has never been hacked, but with the record of compromises attached to ledger, they are not a trustworthy company that their wallet will be used anymore, our investors are losing money because they trusted them and their wallet, now it’s time to go for other wallets we feel comfortable with.

I don't know why I feel you're taking this news about CZ the binance CEO this so personal even more than the news of the hardware wallet that's being this attacked by hacks on the few occasions.
The CEO only said what he had to say without meaning to lure anyone as you ma think.
Perhaps the ledger is a hardware device which on that concept it stores its private keys offline and while we all also recommends these offline private keys storage the best to keep user's fund's safe from hackers, I wouldn't in anyway blame CZ  being campaigning for the ledger brand.
If it is because of the security breakouts experiences that's making you fell this disheartening for CZ, then you must know the most of the insecurity incidents is due to the user's database being breached.
The recent incident about the ledger hardware is said to be suspected happened by their third party distributor who's believed to had tampered the privacy of the hardware before being delivered to the user's.

That tweet is insensitive to the victims. He should mention more of the accountability of the company of why these things happen instead of praising them for standing the test of time.

Because that proves that they really can stand these incidents if they're going to help all of the affected users entrusted them because of what they believe them to be secured.

His opinion might be right and personal but, in these times they can prove them to the world that he's right.

In all fairness, what happened wasn't strictly a Ledger wallet hack. Ledger's system wasn't compromised at all. The attack was directed at specific devices coming from a third-party reseller--authorized reseller, if I may emphasize. So, in a way, CZ was right.

I'm not defending Ledger, of course. On the contrary, I won't recommend it. Moreover, it should be held fully liable for what had happened. The company vouched for and endorsed its authorized resellers. People trusted Ledger on that. In the end, they lost their funds.