Ledger Continues To Respond Following Latest Backlash

Ledger Continues To Respond Following Latest Backlash

We revealed the other day that Ledger is under fire following the latest update that they released.

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.

The feature comes as a part of the 2.2.1 firmware update.

Ledger continues to respond to people

Ledger noted the following: “Decryption can ONLY happen on a Ledger’s Secure Element chip, which has never been compromised. So why did we develop Ledger Recover? To provide full peace of mind to some of our users.”

Make sure to check out the complete thread and stay tuned for more relevant data abu this important issue that managed to shake the trust in the crypto space.


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