Crypto Hardware Wallet Ledger Saw Sales Double After Binance Got Hacked, CEO Claims

Francisco Memoria

The CEO of cryptocurrency hardware wallet Ledger, Pascal Gauthier, has recently revealed that after leading cryptocurrency exchange Binance got hacked for $40 million last week, the firm’s sales doubled, presumably as users worried about their funds’ security.

According to TheBlock, Gauthier’s words came as he spoke in front of an audience at the Atomic Swap conference in New York. The sales increase was revealed as the future of money and the importance of security in the cryptocurrency space were addressed. Gauthier was quoted as saying:

Binance got hacked, and the day Binance got hacked, our sales doubled.

As CryptoGlobe covered, Binance got hacked last week and saw hackers take over 7,070 BTC (then worth over $40 million) from its hot wallet in one transaction. The security breach saw the attackers exploit the API, 2FA, and withdrawal validation areas of the exchange, which has since made “significant changes” to its security.

Gauthier added that his firm believes cryptocurrencies are a “great technology” that has a weakness in securing “the end point and the private keys.” He reportedly added that Binance getting hacked in the first place shows how young the space still is.

He added:

We believe the security needs to happen, and we are very excited about building the security layer for the industry.

Gauthier also noted that it can be stressful to deliver a product crucial for users’ security, and that security becomes even more challenging if the crypto market keeps on surging. As such, a significant increase in the crypto ecosystem’s market cap could see leader need additional investment.

Notably, the cryptocurrency hardware wallet manufacturer received a $2.9 million investment from Samsung earlier this year, as the South Korean tech giant itself has been moving into the crypto space. The CEOs words come as the first batch of the Ledger Nano X wallet is being shipped.

Opera Launches Blockchain, Cryptocurrency-Ready Browser for iOS

Opera Ltd., the company behind the Opera browser, has recently launched a new blockchain and cryptocurrency-ready browser for iOS, following the company’s addition of a built-in cryptocurrency wallet to its Android and PC browsers.

According to a press release shared with CryptoGlobe, the company’s Opera Touch browser for iOS features “crypto wallet integration and Web 3 support,” meaning users can interact with blockchain-based applications through it, as if they were using an extension like MetaMask. The company hinted at the move in March of this year.

The company touts it now offers browsers supporting blockchain-based applications and with a built-in cryptocurrency wallet in various operating systems, including Windows, Mac, Linux, Android, and iOS, allowing users to “seamlessly interact with the next generation of Web 3 applications.”

Currently, the browser only supports ERC-20 tokens, stablecoins, and non-fungible tokens, although the company has revealed earlier this year it’s looking to add support for TRON and multiple other blockchains within a  year.

Charles Hamel, Opera’s head of crypto, stated:

We believe that all modern browsers should integrate a crypto wallet. This will enable new business models to emerge on the web. Opera is the first browser to make using crypto on the Web seamless and easy. Following a strong demand from the crypto-community, we are now making this experience available on iOS.

In the press release the company added it believes the “web of today will be the interface to the decentralized web of tomorrow,” with cryptocurrencies being at its forefront. Along with the iOS release, the company announced it partnered with a decentralized-application (dApp) called Marble.Cards, which allows users to turn unique web pages into collectible cards on the blockchain, each being a non-fungible token.

The Opera touch browser itself has a user interface built to let users use large phone screens with ease, as it shifts the navigation towards the bottom of the screen and adds features that make it easy to share pages across devices.

Opera’s main Android browser is also its cryptocurrency-ready browser for the operating system, and it has made it easier for users to buy cryptocurrencies directly from their mobile phones.