Ledger CEO Pascal Gauthier reported that institutions are actively seeking to enhance their security measures in light of recent crypto hacks, specifically referencing the Bybit attack. Many institutions have reached out for assistance regarding custody solutions and liquidity access, with a strong focus on reducing risk involved in crypto investments. Gauthier highlighted the evolving nature of security vulnerabilities and the need for partners in the crypto space to continuously identify and address these issues. He cautioned institutional investors against utilizing retail-grade products, instead recommending enterprise-grade self-custody solutions that incorporate governance layers. As institutions look to navigate the complexities of crypto, they are prioritizing security and the integrity of their operations, particularly in a landscape rife with potential exploits and hacks.

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