Ledger eyes IPO listing amid surge in cyber attacks

5 days ago 6

Pooja Rajkumari

Mon, November 10, 2025 astatine 10:19 AM CST 1 min read

French crypto hardware wallet supplier Ledger is weighing a imaginable New York listing arsenic surging cyberattacks propulsion 2025 revenues into the hundreds of millions, according to CEO Pascal Gauthier.

Founded successful Paris successful 2014, the institution is experiencing its strongest twelvemonth yet arsenic individuals and institutions unreserved to unafraid their integer assets from progressively precocious hackers.

“We’re being hacked much and much each time ... hacking of your slope accounts, of your crypto, and it’s not going to get amended adjacent twelvemonth and the twelvemonth aft that,” Gauthier told the Financial Times.

The roar follows a grounds twelvemonth for crypto-related thefts, with $2.2 cardinal stolen successful the archetypal fractional of 2025 — already surpassing the full for 2024. Roughly 23% of attacks targeted idiosyncratic wallets, the FT reported, citing Chainalysis.

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Gauthier said Ledger secures astir $100 cardinal worthy of Bitcoin (BTC) and whitethorn payment further from vacation request spikes. The steadfast could rise funds done a backstage circular oregon U.S. listing arsenic it expands its New York operations, emphasizing that “money is successful New York contiguous for crypto.”

Related: Ledger CTO warns of shocking NPM attacks by crypto hackers

This communicative was primitively reported by TheStreet connected Nov 10, 2025, wherever it archetypal appeared successful the Business News section. Add TheStreet arsenic a Preferred Source by clicking here.