The cryptocurrency market goes through regular bull cycles, but industry experts point out the security risks that come with this growth. Ian Rogers, chief experience officer at Ledger, highlighted these risks in an interview with Token2049 , noting that market booms can lead to lax security practices.

Rogers discussed the rapid expansion periods that follow bull cycles, explaining that many crypto holders choose to store their assets on centralized exchanges. Rogers highlighted the risks of relying on centralized exchanges, citing the FTX crash.

Rogers also highlighted the rise of cybercrime in the digital age, advocating for reducing this threat with secure self-custody solutions and open signing technologies. On December 20, 2023, Ledger announced that $600,000 had been affected by a blind signing exploit in Ethereum Virtual Machine (EVM) decentralized applications (DApps) and promised to compensate the victims by the end of February 2024.

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