Overview
- Investors are shifting assets into cold wallets as thefts in the first half of 2025 reached about $2.2 billion, exceeding the total stolen in 2024.
- The Bybit breach in February accounted for roughly $1.5 billion and has been attributed to North Korean-linked hackers.
- Chainalysis reports that about 23% of hacks targeted individuals’ wallets, with physical risks increasing, including the kidnapping of Ledger’s co-founder in France.
- Ledger says 2025 is its best year with revenues in the triple-digit millions and estimates securing about $100 billion worth of Bitcoin for customers.
- The company is exploring a New York IPO or a 2026 funding round, expects holiday demand to lift sales, and is navigating user pushback over new multisig fees as experts warn threats will persist.