Ledger CEO Defends Company Amid $90M Wallet Spyware Controversy
Ledger's CEO Pascal Gauthier has responded sharply to allegations by former Mt. Gox CEO Mark Karpelès regarding a $90M wallet security scandal.
Ledger's CEO Pascal Gauthier has responded sharply to allegations by former Mt. Gox CEO Mark Karpelès regarding a $90M wallet security scandal. This is an original Token Times brief based on reporting by BeInCrypto, with live market data added, as of Sun, 18 Oct 2026 09:00:02 UTC.
The controversy raises concerns about Ledger's security practices and customer trust, especially given the large sum involved and the company's reputation in crypto wallet security.
- Ledger CEO denies knowledge of advanced spy implants in March.
- Ex-Mt. Gox boss claims Ledger was aware of security issues.
- The dispute involves a $90M wallet security incident.
- Market remains stable amid the controversy.
The controversy began when Mark Karpelès, the former CEO of the infamous Mt. Gox exchange, accused Ledger of knowing about advanced spy implants in their hardware wallets as early as March. Karpelès implied that this knowledge should have prompted Ledger to take preventive measures.
In response, Ledger CEO Pascal Gauthier has publicly denied the allegations, urging Karpelès to provide evidence for his claims. Gauthier emphasized that Ledger maintains a strong commitment to security and transparency.
The dispute revolves around a $90M wallet security incident, which has not been fully detailed in the coverage. The lack of specific information about the incident leaves many questions unanswered, including the nature of the security breach and its impact on Ledger's customers.
The broader market context shows a relatively stable crypto market, with a total market cap of $2.8T and 
Bitcoin trading with a minor 24-hour decline of 0.06%. The Fear & Greed Index stands at 53, indicating a neutral sentiment among investors.
This controversy highlights the critical importance of security in the crypto space, particularly for hardware wallet providers. As Ledger defends its reputation, the market will be watching for any further developments or evidence that may emerge.
Ledger CEO Defends Company Amid $90M Wallet Spyware Controve — questions & answers
What is the dispute between Ledger and Mark Karpelès about?
The dispute centers on allegations that Ledger knew about advanced spy implants in their wallets, which Karpelès claims was known in March.
How much is the wallet security incident worth?
The incident involves a $90M wallet security issue.
How has the market reacted to the controversy?
The market has remained stable, with no significant impact observed on crypto prices.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from BeInCrypto. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.