Ledger users lose $86 million A Malaysian Ledger hardware wallet distributor transferred 100% of the company’s shares to a young guy from Heilongjiang, China, named jiaming, and the Ledger authorization badge is still hanging there. The cold wallet devices reportedly have embedded monitoring modules. A lot of people don’t really get it—honestly, the best cold wallet for holding crypto is an offline iPhone, and the best hot wallet is just an exchange. If you don’t have 1,000 BTC to store, there’s no need to use a wallet. For most people, using an exchange is more than enough. In the future, the use of exchanges and wallets will become super convenient, with seamless switching that makes you barely notice the difference between DEX and CEX. In the future, many regular users won’t even need to understand the difference between CEX and DEX. Exchange trading and wallet transactions will gradually merge, making asset management, trading, and cross-chain operations increasingly convenient, ultimately achieving seamless switching. One of the signs of crypto truly maturing is when regular users don’t have to study private keys, Gas fees, or cross-chain bridges every day, yet can still easily access on-chain financial services.