Ledger sued for $500M over its many data breaches

Crypto wallet maker Ledger neglected customer safety after it failed to prevent and subsequently adapt to a string of data breaches, according to a $500 million class action lawsuit.

The August 27 lawsuit was filed by Douglas Kim, a Ledger user who claims to have lost almost $2 million to thieves who used data stolen from the company in 2020 and 2023, to target his crypto. 

According…