PANews reported on January 23 that ZachXBT published an article claiming that Ledger had been repeatedly hacked, resulting in the leakage of customer privacy data and targeted theft, causing losses of "millions of dollars." The article also pointed out problems with existing products (such as battery malfunctions in the Ledger Nano X) and questioned Ledger's plan to IPO in the US after announcing a percentage fee for clear signing, suggesting it was an attempt to "maximize profits."