Ledger has been hit with a proposed class action seeking at least $500 million over allegations that poor security and disclosure failures tied to a December 2023 incident exposed customers to cryptocurrency theft and other financial losses.
Summary
- Ledger faces a proposed class action seeking at least $500 million over alleged security and disclosure failures tied to a December 2023 incident.
- Plaintiff Douglas Kim alleges scammers used compromised customer information to impersonate Ledger representatives before stealing nearly $1.95 million in crypto.
- The complaint cites Ledger’s 2020 breach affecting more than 270,000 customers as part of an alleged pattern of inadequate…
