Ledger Must Face Claims it Failed to Safeguard Consumer Data

Ledger SAS failed to escape a proposed class action alleging the company didn’t implement sufficient safeguards to protect consumers from a data breach that impacted 270,000 people.

The plaintiffs put forward enough facts to allege that Ledger knowingly violated its own privacy policy and didn’t have proper guardrails in place to prevent the 2020 data breach, Judge Edward M. Chen, of the US District Court for the Northern District of California, wrote in a Thursday order.

Ledger sells cryptocurrency wallets that allow customers to manage funds and store “private keys” for their assets that can be transferred through its ...