Latest news with #Ledger
Arabian Post
3 days ago
- Business
- Arabian Post
Ledger Sunset Sparks Backlash Over Nano S Support Cut
Ledger has officially announced that it will end support for its flagship hardware wallet, the Nano S, originally introduced in 2016. The company will discontinue firmware updates, security patches, app additions, and feature submissions. While existing units will continue to operate, users are warned that new blockchain protocols and app compatibility are not assured. This step forms part of Ledger's wider strategy to transition users to more advanced models—such as the Nano S Plus, Nano X, Flex, and Stax—that offer increased memory, enhanced security, and support for emerging blockchain technologies. Leading up to this shift, Ledger stated that the Nano S's limited 320 KB memory and lack of sufficient RAM prevent it from accommodating modern features like Clear Signing, Ledger Sync, NFT management in Ledger Live, and swaps via Uniswap or THORChain. In urging users to upgrade, Ledger emphasised the importance of keeping the 24‑word Secret Recovery Phrase secure. The firm reassured that even unsupported devices remain functional and that users can restore their seed phrase on a new Ledger or any BIP39‑compatible wallet. The announcement has ignited strong criticism from the cryptocurrency community. On Cointelegraph, user 'Pcaversaccio', an Ethereum developer, called the move 'very uncool' and accused Ledger of 'effectively forc[ing] anyone to buy and enter the seed into a new device'. Another user, 'Beau', a safety project manager associated with Pudgy Penguins, lamented the development as a 'major bummer', urging users to back up recovery phrases and migrate assets promptly to avoid unexpected device failures. ADVERTISEMENT Reddit discussions echo similar concern. A post titled 'Is my Bitcoin still safe…' reassured users that funds remain secure as long as the 24‑word phrase is intact, but warned that app functionality—such as Bitcoin apps—may cease over time. One commenter said, 'you can continue to use the Nano S… over time app updates… may stop working', while another confirmed the importance of accurate seed-phrase backup. Ledger's internal guidance acknowledges the memory limitation challenges. A support note from May indicated that the Nano S would likely be retired soon following the introduction of the Nano S Plus. Industry analysts note that Ledger is responding to the increasingly complex demands of blockchain ecosystems. Phasing out legacy hardware is consistent with broader tech trends where manufacturers sunset older models that lack capacity for modern enhancements. Security experts warn users that continuing to rely on unsupported hardware introduces risks. Without firmware patches, vulnerabilities—from malware to address-spoofing exploits—could compromise transactions. Notable academic research highlights previously discovered threats like 'EthClipper', which subverts hardware wallets by manipulating the clipboard and tricking users into confirming malicious addresses. Though Nano S hardware resists many digital threats, absence of future updates could render it increasingly vulnerable. Despite the controversy, some users remain calm. 'I don't think you really need to charge them…' a Redditor commented about battery concerns, downplaying the immediacy of issues. Others advised switching to alternatives like Bitcoin-only BitBox02 wallets, citing simplicity and reliability. To mitigate transition disruptions, Ledger is emphasising seed phrase protocols and offering support materials on securely migrating assets. The company has not disclosed a cut-off date for update support but has urged users to upgrade promptly to ensure continued protection and functionality.
Yahoo
6 days ago
- Business
- Yahoo
Ledger exec predicts a Fortune 500 company could allocate 10% of its treasury to Bitcoin
Ledger exec predicts a Fortune 500 company could allocate 10% of its treasury to Bitcoin originally appeared on TheStreet. Sébastien Badault, VP of Enterprise at Ledger, warned that large organizations 'cannot have one person hold the keys,' driving demand for multi-signature workflows and sharded master keys. Multi-signature workflows require several authorized approvers to sign off on each transaction, while sharded master keys split key access across multiple secure devices so no single person can move funds alone. Ledger Enterprise combines secure hardware, software and a governance layer so clients define roles and signature thresholds that match institutional risk policies. 'Our DNA is security,' Badault explained, 'but enterprises also demand compliance and operational flexibility.' Staking was an early use case. Ledger Enterprise integrates with staking providers such as Figment and Kiln to give companies choice without sacrificing security. Building on that foundation, the Tradelink service enables off-exchange trading with "no counterparty risk." 'There's no compromise on security to achieve fluidity,' Badault said, noting that Tradelink was built in response to customer feedback. He added rising interest in stablecoins, real-world assets and on and off-ramps will shape upcoming features. Crucially, Ledger Enterprise remains 'the only true self-custody solution that exists in the market today,' because clients — rather than third parties — hold and shard their own keys. Originally serving crypto-native exchanges and custodians, Ledger Enterprise now engages corporates, market makers, brands and government bodies — reflecting the platform's versatility across sectors. Onboarding is highly hands-on, with technical and account teams guiding each client through key generation, sharding and governance configuration to ensure secure deployment at scale. Ledger maintains regional teams in the US, Europe and APAC and participates in regulatory discussions to safeguard self-custody rights. Looking ahead, Badault predicts: 'in 2025, there will be a big Fortune 500 company that will put five or 10% of their treasury in Bitcoin.' As enterprises prepare to allocate substantial treasury percentages to Bitcoin, he believes Ledger Enterprise is uniquely positioned for rapid growth — delivering the security, services and compliance institutions require today and tomorrow. As a sign of its broader ambitions, Ledger recently announced a sponsorship of the San Antonio Spurs, placing its logo on NBA jerseys next season, further bridging institutional-grade crypto custody with mainstream visibility. Ledger exec predicts a Fortune 500 company could allocate 10% of its treasury to Bitcoin first appeared on TheStreet on Jun 26, 2025 This story was originally reported by TheStreet on Jun 26, 2025, where it first appeared. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Forbes
25-06-2025
- Forbes
Crypto In France Is Starting To Feel Like An Episode Of Money Heist
France is experiencing more crypto kidnapping that any other country in the world As crypto leaders descend on Cannes next week for ETHCC—the Ethereum Community Conference—there's a buzz in the air. Ideas are flowing, wallets are syncing, and the promise of decentralized finance feels more real than ever. But there's another undercurrent in France that attendees would be wise to acknowledge: the sharp rise in violent cryptocurrency-related crime. According to the May 2025 Global Guardian Risk Barometer, France currently leads the world in crypto-related extortion and kidnapping cases. Five out of 21 reported global incidents in just the first five months of this year occurred in France—more than any other country. Just last month, an attempted kidnapping targeted the daughter of Pierre Noizat, CEO of Paymium, a French crypto exchange. The attack—caught on camera in broad daylight in Paris—was only thwarted thanks to the quick action of her partner and alert bystanders. The incident sent shockwaves through the French Web3 scene and drew media attention to a disturbing trend: public crypto figures are being hunted like characters from a suspense series. And the Noizat case wasn't an isolated event. In January, Ledger co-founder David Balland and his wife were kidnapped in Vierzon, France. The attackers severed one of Balland's fingers and demanded a crypto ransom, which was partially paid in Tether before French special forces rescued the couple. It was later confirmed that French police had tracked the ransom trail and freed the victim from a trunk where he'd been held for 58 hours. Five individuals were arrested during the raid, including two with previous convictions for crypto-targeted crimes. In June 2025, just outside Paris, a 23-year-old was lured into a fake meeting and held until their partner handed over a Ledger hardware wallet and €5,000 in cash. The attackers had tracked the individual through social media and crypto community posts. This kind of 'wrench attack' (where physical force is used to extract private keys) is increasingly targeting everyday investors, not just billionaires. Why France Is Home Of So Many Crypto Attacks? The answer lies at the intersection of crypto's growing visibility and France's unique position as a Web3-friendly nation. France has taken a proactive stance on digital assets—from regulatory clarity to high-profile conferences like ETHCC. But with innovation comes exposure. Several factors make France particularly vulnerable: The investigation into the Noizat attack confirmed that some French crypto CEOs are now exploring hiring private security or even applying for permits to carry arms—reflecting just how real the threat has become in what should be a bastion of innovation. What ETHCC Attendees Should Know To Protect Their Crypto Investments With thousands of developers, investors, and builders gathering in Cannes next week for ETHcc, operational security (opsec) is no longer optional. Cannes, France will be home of the ETHcc conference. Whether you're demoing a new zk-rollup or pitching a DAO-backed app, here are a few practical tips: As one ETH investor put it in a private Telegram group: 'You can't decentralize kidnapping.' The Crypto Industry's Blind Spot Crypto has revolutionized finance—but it's also introduced new vulnerabilities. Unlike traditional banking, there are no fraud alerts, no reversible charges, and often no legal recourse once funds are gone. Cryptocurrency is attracting many criminals (Photo Illustration) While Web3 celebrates decentralization, it has yet to fully confront its exposure to real-world crime. Until more robust safety measures are implemented—from platform-level withdrawal protections to law enforcement crypto training—the responsibility will remain with individuals to protect themselves. This is particularly urgent in France, where authorities are still playing catch-up. That said, the recent wave of arrests—over 20 suspects charged in coordinated crypto kidnapping rings—shows law enforcement is now starting to respond. But the question remains: are they moving fast enough? Crypto Is Only Gaining More Importance France has emerged as a leader in crypto innovation. But it's also becoming the epicenter of a new kind of threat—one that blends the digital with the deeply physical. As we gather this week to build the future of finance, we should also be building a culture of safety. ETHCC may be a celebration of decentralization and empowerment—but let's not forget: in the wrong hands, decentralization without protection is just vulnerability. Did you enjoy this story on crypto potential thefts and kidnapping in France? Don't miss my next one: Use the blue follow button at the top of the article near my byline to follow more of my work.
San Francisco Chronicle
24-06-2025
- Business
- San Francisco Chronicle
Spurs announce jersey deal with Paris-based digital asset security firm Ledger
SAN ANTONIO (AP) — The San Antonio Spurs are strengthening their ties to Victor Wembanyama's homeland, announcing a new agreement Tuesday to have the French digital asset security firm Ledger be its new jersey sponsor. Ledger is based in Paris, where the Spurs played two games last season. The Spurs have long had an enormous following in France, with players like Tony Parker and Boris Diaw playing for San Antonio before the team drafted Wembanyama in 2023. 'This moment cements a decades-long history of international collaboration and growth by the Spurs organization, as the game of basketball has grown to touch every culture and continent,' said RC Buford, the CEO of Spurs Sports & Entertainment. It is a multi-year deal, but specific terms were not announced. Ledger is a relatively new company. It was started 10 years ago to help safeguard digital assets for cryptocurrency users. It has grown wildly since, now used by millions of individuals around the world to secure more than 20% of all crypto. 'Aligning ourselves with an historic U.S. sports team, which boasts a deep French connection past and present, will help us onboard the next generation of sovereign individuals," said Pascal Gauthier, Chairman & CEO of Ledger. 'The San Antonio Spurs, at the heart of America in Texas, is the future of the league, growing their fandom rapidly, and the most international team the NBA has to offer." The Spurs have had players from more than 30 countries play for the organization. They will debut their new Ledger-branded jerseys at the NBA draft on Wednesday. They currently have the No. 2 and No. 14 picks in the first round. The first game with the new patch will be at the California Classic summer league on July 5, and the patches will be on both the San Antonio and the G League's Austin Spurs jerseys. Also in the deal: Ledger will join the Spurs' ongoing community efforts in Paris, which started earlier this year with the team launching a multi-year plan to renovate outdoor basketball courts. Ledger also becomes the presenting partner of Spurs Tech & Basketball Camp, which uses sports and technology applications to engage school-aged participants ages 10-14 — connecting young basketball players with science, technology, engineering, and math and showing how all those elements are tied to the game. ___
Fox Sports
24-06-2025
- Business
- Fox Sports
Spurs announce jersey deal with Paris-based digital asset security firm Ledger
Associated Press SAN ANTONIO (AP) — The San Antonio Spurs are strengthening their ties to Victor Wembanyama's homeland, announcing a new agreement Tuesday to have the French digital asset security firm Ledger be its new jersey sponsor. Ledger is based in Paris, where the Spurs played two games last season. The Spurs have long had an enormous following in France, with players like Tony Parker and Boris Diaw playing for San Antonio before the team drafted Wembanyama in 2023. 'This moment cements a decades-long history of international collaboration and growth by the Spurs organization, as the game of basketball has grown to touch every culture and continent,' said RC Buford, the CEO of Spurs Sports & Entertainment. It is a multi-year deal, but specific terms were not announced. Ledger is a relatively new company. It was started 10 years ago to help safeguard digital assets for cryptocurrency users. It has grown wildly since, now used by millions of individuals around the world to secure more than 20% of all crypto. 'Aligning ourselves with an historic U.S. sports team, which boasts a deep French connection past and present, will help us onboard the next generation of sovereign individuals," said Pascal Gauthier, Chairman & CEO of Ledger. 'The San Antonio Spurs, at the heart of America in Texas, is the future of the league, growing their fandom rapidly, and the most international team the NBA has to offer." The Spurs have had players from more than 30 countries play for the organization. They will debut their new Ledger-branded jerseys at the NBA draft on Wednesday. They currently have the No. 2 and No. 14 picks in the first round. The first game with the new patch will be at the California Classic summer league on July 5, and the patches will be on both the San Antonio and the G League's Austin Spurs jerseys. Also in the deal: Ledger will join the Spurs' ongoing community efforts in Paris, which started earlier this year with the team launching a multi-year plan to renovate outdoor basketball courts. Ledger also becomes the presenting partner of Spurs Tech & Basketball Camp, which uses sports and technology applications to engage school-aged participants ages 10-14 — connecting young basketball players with science, technology, engineering, and math and showing how all those elements are tied to the game. ___ AP NBA: recommended
