Ledger CEO Emphasizes Security Amidst Crypto Bull Run

Ledger's Chief Experience Officer, Ian Rogers, stressed the importance of maintaining security awareness during bull market cycles at the Token2049 conference in Singapore. As reported by Cointelegraph, Rogers cautioned that "every bull run, there are always people who find seemingly reasonable excuses to compromise on security or self-custody." He specifically pointed out the tendency for many cryptocurrency holders to store their assets on centralized exchanges during periods of rapid market expansion rather than opting for self-custody.

Rogers emphasized, "If you're not self-custodying, what's the point of being in crypto?" He warned investors against over-relying on centralized exchanges, particularly during market downturns, citing the collapse of FTX as an example. "They're basically just giving their money to someone in the Bahamas and adding a column to a spreadsheet. This isn't crypto, it's fraud."

Beyond the crypto sphere, Rogers highlighted the rising global trend of cybercrime. He predicted, "From now on, you can say every year that this is the worst year for cybercrime, and it will be accurate." To address this increasingly serious threat, Rogers advocated for secure self-custody of digital assets through hardware solutions and clear signature technologies, ensuring users fully understand the transactions they are authorizing.