Ledger CEO, Pascal Gauthier Addresses The Controversial Ledger Recover Feature

As you probably know by now, Ledger is facing some pretty massive backlash following the latest choice that the company made regarding a new feature. Here are the latest details on the matter.

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.

– market and sell device that keeps people’s private keys secure

– experience multiple data breaches leaking customer information

– offer service to upload private keys from secure device to a cloud based service

https://t.co/df9VseSi7o

— hodlonaut 13%er (@hodlonaut) May 16, 2023

“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.

Here’s what the CEO said:

Ledger CEO, Pascal Gauthier, explains that Ledger Recover would give the state the ability to recover your #Bitcoin private keys in the event of a subpoena. pic.twitter.com/KWaXcgtMqr

— The ₿itcoin Therapist (@TheBTCTherapist) May 22, 2023

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.”

We suggest that you stay tuned for more details about Ledger and the moves that they decide to make in the future.