Ledger Disappoints People Even More Following New Feature

It’s been just revealed the fact that Ledger continues to disappoint people. Check out the latest reports about this below.

As you probably know by now, Ledger is a firm that’s been in the spotlight a lot during the past days. This was following their latest move, which seems to compromise users’ private keys. Check out the latest reports about this below.

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.

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

Here’s what the firm told people and was noted by CoinDesk:

.@Ledger dug itself into a deeper public relations hole when its support team said “it is and always has been possible” for the firm to extract its users’ keys.

“You have always trusted Ledger not to deploy such firmware whether you knew it or not.”https://t.co/7VNss5K3uJ pic.twitter.com/sNqCqVKVfF

— CoinDesk (@CoinDesk) May 18, 2023

Stay tuned for more news about the issue.