Ledger's Ian Rogers Criticises Crypto Exchanges For ‘Irresponsible’ Security, Dismisses Crypto's Quantum Risk

Ledger’s Chief Experience Officer Ian Rogers has delivered a sharp critique of centralized crypto exchanges, accusing many of them of maintaining “irresponsible” security practices that continue to put user funds at risk. His comments come at a time when exchange hacks, wallet breaches, and custody failures remain one of the biggest threats to the crypto industry’s credibility.

According to Rogers, the problem isn’t a lack of technology it’s poor operational discipline. He argues that many exchanges still rely on outdated security models, hot-wallet overexposure, and weak internal controls, even after years of high-profile collapses. In his view, users are often encouraged to trust platforms that fail to follow basic security standards that would be unacceptable in traditional finance.

At the same time, Rogers pushed back against growing fears around quantum computing destroying crypto security. He dismissed those concerns as largely theoretical and overblown, explaining that quantum-resistant cryptography already exists and can be implemented long before any real threat emerges. The immediate danger, he says, isn’t future quantum machines it’s today’s sloppy key management and centralized custody risks.

Rogers’ message is clear: crypto doesn’t need sci-fi threats to fail. It only needs bad security habits. For users, the takeaway is simple self-custody and strong wallet practices matter far more right now than worrying about quantum computers that don’t yet exist.