What is driving the demand for Ledger's hardware wallets?

Ledger's hardware wallets are seeing a surge in demand as crypto holders seek to protect their assets from the rising threat of hacks and theft, with over $2.2 billion worth of crypto stolen in the first half of 2025.

What is the current state of the crypto hardware wallet market?

Companies like Ledger, Trezor, and Tangem are seeing a booming demand for their hardware wallets as crypto holders seek to protect their assets from the rising threat of hacks and theft. Ledger, in particular, has seen its revenues hit triple-digit millions so far in 2025.

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Crypto Hacks Soar, Driving Demand for Secure Wallets

Q: How has the crypto industry been impacted by hacks in 2025?

The crypto industry has faced a record-setting year of hacks and theft in 2025, with over $2.2 billion worth of crypto stolen in the first half of the year alone. This has led to a growing need for secure storage solutions like hardware wallets.

10 Nov

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Summary

Crypto hacks hit record highs in 2025
Ledger sees triple-digit million revenue growth
Crypto holders seek hardware wallets to protect assets

Crypto Hacks Soar, Driving Demand for Secure Wallets

As of November 10th, 2025, the crypto industry has been grappling with a surge in hack attacks, with over $2.2 billion worth of crypto stolen in the first half of the year alone. This represents a significant increase compared to the entire previous year.

The rising threat of crypto theft has led to a booming demand for secure hardware wallets that can store digital assets offline. Ledger, a Paris-based company that sells USB-like devices for securely storing cryptocurrencies, has seen its revenues hit triple-digit millions so far in 2025. The company's CEO, Pascal Gauthier, attributes this growth to the "realisation that hackers are getting more aggressive" and the need for crypto holders to upgrade their security.

Alongside Ledger, other companies like Trezor and Tangem are also offering cold storage wallets as an alternative to holding tokens directly on exchanges. Industry experts believe that as the crypto market continues to grow, the demand for these secure devices will only increase further.

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