FTX Crash Hits Hardware Wallet Provider Ledger, Too

Crypto hardware wallet developer Ledger had glitches with withdrawals during the FTX crash, users reported.

Ledger Chief Technology Officer Charles Guillemet According to the statement made by Ledger’s platforms”used heavily” and November 9in “a few scalability issues“He said he was alive. The same problem was experienced by many users and complaints were recorded.

Guillemet said in a statement that Ledger’s problems FTX He stated that it was due to the intense and voluminous demands that occurred during the collapse. Although there was a brief period of chaos and Ledger users temporarily panicked, the events, according to Guillemet, increased the demand for Ledger:

After the FTX earthquake, there is a huge flow from exchanges to Ledger’s security and self-sovereignty solutions. Users withdraw their money from exchanges to Ledger.

The company, which made a quick statement at the time of the problem, twitter in his post “There may be short-term issues including connecting to the My Ledger tab and performing an Original Check” he said, adding that customers’ assets are safe. The access and withdrawal problem, which lasted for about 1 hour, was resolved as a result of the company’s interventions.

Ledger has recently partnered with the world’s largest cryptocurrency exchange, Binance.


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