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Ledger faces $500 million class action over data breaches
Ledger, a hardware cryptocurrency wallet maker, faces a class action lawsuit filed August 27 seeking at least $500 million over multiple customer data breaches. The plaintiff alleges the company failed to implement adequate safeguards for personal information and did not take sufficient protective measures after previous incidents.
Why it matters: Ledger customers and the broader cryptocurrency user community should track this case as it may influence how hardware wallet makers handle and disclose data security practices going forward.
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- First seen by Cybersecurity Tracker