According to CoinMeta, Ledger CEO Pascal Gauthier stated in an interview with Bloomberg Crypto that "everyone will eventually be hacked, and perfect security does not exist." This statement has drawn widespread criticism from the crypto community, questioning his security commitments as a hardware wallet manufacturer. Gauthier pointed out that centralized institutions are particularly vulnerable due to their accumulation of large amounts of crypto assets and mentioned the recent $6.3 billion Binance hacking incident. Although he acknowledged that Ledger devices also face security risks, he emphasized that such losses account for only 0.01% of the protected assets. He warned that crypto theft incidents are becoming increasingly frequent, with about $9 billion stolen last year and $12 billion stolen so far this year.