LEDGER , the hardware crypto wallet maker, is facing a class action seeking at least $500 million over a series of customer data breaches. The suit, filed on 27 August, is brought by Ledger user Douglas Kim, who claims he lost nearly $2 million in cryptocurrency and says attackers used information from incidents in 2020 and 2023 to specifically target his assets.
The complaint alleges a “systematic” disregard for the security and privacy of customers’ personal data, and accuses Ledger of downplaying the impact of the incidents and failing to promptly inform users about the risks.
The court filing cites a pattern of inadequate protections and communications following prior breaches, suggesting the company did not take sufficient measures to safeguard personal information or to notify customers in a timely manner. The action aligns with broader concerns about how wellLedger protected user data across multiple breaches, and the plaintiff seeks damages on the basis of negligence and related claims.
The referenced docket is available via CourtListener, and coverage notes that the lawsuit alleges a sustained failure to address security weaknesses and communicate risk to affected customers. The development signals potential implications for Ledger’s handling of customer data and may invite further scrutiny of incident response and notification practices.