The new hardware wallet, Ledger Stax, comes at a time when trust in centralized exchanges is at an all-time low in the aftermath of the FTX crash.
FTX Crash Pushes Wallet Demand
French crypto security firm Ledger unveiled its latest hardware wallet, the Ledger Stax, at the company’s annual Ledger Op3n event on Tuesday. The gadget resembles a smartphone but is much smaller and lighter. It is roughly the size of a credit card and weighs lighter than a regular iPhone.
Ledger CEO Pascal Gauthier spoke about the company’s previous crypto security devices, saying,
“With the Ledger Nano™ series, we created the most successful digital asset security hardware of all time—with over 5 million sold and none ever hacked. Digital assets are increasingly about identity and digital ownership, not just crypto like Bitcoin. The time is now for a device for more mainstream users. We must not compromise on security.”
The crash of the FTX exchange and the attacks on multiple crypto firms du
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