Crypto Daily Gazette

Ledger CEO, Pascal Gauthier Addresses A Controversial Ledger Recover Feature That Sparked Outrage

According to the latest reports, it seems that Ledger has released a firmware update for Nano X cold wallet, which offers a recovery service.

The crypto community is criticizing the service because it allows Ledger to store the seed phrases so that it can offer recovery. It’s been revealed that a lot of users are especially skeptical because Ledger has experienced data breaches in the past.

This update introduces a recovery feature that allows Ledger to back up seed phrases.

“Cold wallet manufacturer Ledger is under fire yet again, this time for releasing a firmware upgrade that includes a subscription-based feature called “Recover.” The feature is facing criticism for granting the company access to customers’ seed phrases, which undermines the purpose of a hardware wallet,” BeInCrypto.com notes.

Ledger reveals updates about the issue

The Ledger CEO said:

Someone commented: “Ledger is now doing a podcast tour to tell the world they plan to hand over your private keys if a government asks them. I repeat, do not use Ledger. Migrate away now. They’re either idiots or feds, either scenario is wildly dangerous for their users.”

This update introduces a recovery feature that allows Ledger to back up seed phrases.

Stay tuned for more details about this.

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