Pascal Gauthier, CEO of Ledger, revealed that many institutional players contacted him following the recent Bybit hack to address security issues.
Response to Bybit Hack
Gauthier reported that after the Bybit hack, companies reached out to him to resolve security vulnerabilities. He noted that security in the crypto industry is not static, it is ever-evolving. He expressed dissatisfaction with how organizations delay implementing solutions.
Importance of Security Improvements
Gauthier emphasized that trusted partners in the crypto space should continuously look for vulnerabilities in their products to ensure customer peace of mind. He warned institutional investors against using retail-grade product solutions.
Future Perspectives on Crypto Security
Gauthier believes that the crypto industry needs to raise its security standards. Ledger's CTO, Charles Guillemet, warned of the need to shift to enterprise-grade solutions that combine clear signing with strong governance frameworks.
Gauthier and Guillemet agree that the industry needs proactive security infrastructure to eliminate existing vulnerabilities. They called for the industry to adapt to new security needs.
