LEDGER , a hardware crypto wallet manufacturer, is facing a class action lawsuit seeking at least $500 million due to multiple customer data breaches. The lawsuit was filed by Douglas Kim on August 27, claiming losses of nearly $2 million in cryptocurrency. The complaint alleges that Ledger failed to protect customer information adequately and did not respond effectively to previous breaches in 2020 and 2023, leading to targeted attacks on Kim's assets. The plaintiff accuses the company of downplaying the severity of the breaches and not promptly informing users about the associated risks.
Ledger faces $500 million class action over data breaches
Article by CyberSIXT