Ledger chief executive Pascal Gauthier warned that absolute protection does not exist, and that current developments increase attackers’ capabilities.

Current scale of crypto theft

According to Gauthier, cybercriminals have already stolen about $12 billion in cryptocurrencies so far this year, reflecting growing operational risks.

AI and future threats

He noted that artificial intelligence tools are expanding the reach and sophistication of attackers, while quantum technologies may create further long-term challenges.

«Sooner or later everyone will be hacked.»

Gauthier advised that storing assets on centralized exchanges carries greater counterparty risk, and he recommended personal custody as a safer alternative.

Limits of protection

At the same time, he acknowledged that no provider — including Ledger — can guarantee perfect security, and advised users to apply layered safeguards.

The executive’s remarks underscore tensions between evolving offensive capabilities and defensive practices in the crypto ecosystem, as stakeholders weigh custody choices and technology risks.