**Crypto Market Booms Pose Security Risks, Warns Ledger Exec**

The cryptocurrency market's regular bull cycles bring not just growth but also heightened security risks, according to Ian Rogers, chief experience officer at Ledger. In a Token2049 interview with Cointelegraph, Rogers emphasized that market booms often lead to relaxed security practices.

- **Centralized Exchange Risks**: Rogers highlighted the dangers of storing crypto on centralized exchanges, citing the collapse of FTX as a cautionary example. He stressed the importance of self-custody for true crypto security.

- **Rising Cybercrime**: Rogers noted the increasing frequency and complexity of cyber attacks, predicting that each year will continue to set new records for cybercrime.

- **Ledger's Response**: On Dec. 20, 2023, Ledger announced plans to reimburse victims of a $600,000 blind-signing exploit affecting multiple Ethereum DApps, including SushiSwap and Revoke.cash. The firm aims to complete repayments by February 2024.