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Ledger CTO responds to vulnerability FUD: The issue was fixed before it was disclosed, and users can safely use it by updating in a timely manner

Ledger's Chief Technology Officer Charles Guillemet stated that there has recently been "FUD" targeting Ledger in the market, as a smart contract security company claimed to have discovered vulnerabilities in the Ledger Ethereum application. Guillemet mentioned that there indeed were vulnerabilities related to certain Clear Signing processes in the Ledger Ethereum application, but these vulnerabilities were discovered by Ledger's security research team Donjon using AI-driven vulnerability research tools, and the fixes were completed and deployed two weeks ago. Users can obtain protection by timely updating their Ledger device firmware and applications.The relevant security company contacted Ledger's bug bounty program only after the fixes were completed, did not follow responsible disclosure processes, and did not communicate with the bug bounty team, yet implied in subsequent content that the issue had not been resolved. This approach is not true security research but rather a way to create panic for attention. AI is changing the cybersecurity landscape, and both attackers and defenders can enhance efficiency with AI, but AI-driven security research can only truly enhance the security of the entire ecosystem when basic security principles such as responsible disclosure and pre-release verification are followed.Guillemet finally reminded Ledger users to keep their device firmware, Ledger applications, and related software up to date to automatically receive the latest security fixes and research results. Users should not be influenced by the related "FUD" and should timely update their software and maintain safe habits.

first_img BitMart founder Sheldon responded to the employee accountability statement, claiming the content is false and will report to the police

BitMart founder Sheldon stated that regarding the public accountability statement released by a BitMart employee through the official Twitter account, he has completed the collection of evidence related to the content and claims that the information is all false. Sheldon indicated that he will report to the police during the day in the United States and send a lawyer's letter to the X platform, requesting technical and data evidence collection regarding the relevant content. Sheldon also stated that employee assets do not take precedence over customer assets, and everyone is a customer, with no privileges existing. Previously, BitMart employees publicly questioned the whereabouts of platform assets and related handling situations. Sheldon had previously stated that he would respond to the whereabouts of platform assets by the 19th.Blockchain investigator ZachXBT posted on the X platform questioning the BitMart exchange. In response to the relevant account, he stated that if BitMart indeed has sufficient liquidity, it should directly return the funds to all users instead of issuing vague statements. ZachXBT pointed out that BitMart's related actions have caused real users to be unable to use their funds normally, and there is insufficient transparency. This statement has raised market concerns about the safety of the exchange's funds and operational transparency.

Tether CEO responds to doubts after KPMG's first complete audit, we have proven ourselves multiple times

Tether CEO Paolo Ardoino, in an interview with The Block, responded to ongoing criticisms raised after KPMG U.S. completed its first full financial audit. He stated that some critics are unable to admit that their past judgments about Tether were wrong, and said, "Honestly, I don't care." Ardoino mentioned that Tether has repeatedly proven its resilience.He noted that in 2022, Tether processed $7 billion in redemptions within 48 hours, which was about 10% of its reserves at the time, and there was no pause in redemptions during that period. He believes that many traditional financial institutions would struggle to handle withdrawals of a similar scale in such a short time. He also stated that criticism itself is not a bad thing, as it makes Tether better and stronger. Even if some critics view it as a "villain," as long as Tether can continue to serve its claimed 650 million users who rely on USDT, especially in emerging markets, he does not mind.According to informed sources, Tether, as a private company, will not publicly share audited financial statements. The company plans to conduct a full audit once a year in the future while continuing to release quarterly attestation reports. Overall, the KPMG audit is an important step for Tether to enhance transparency, but controversies surrounding its reserves, disclosure levels, and systemic impact have not completely dissipated.
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