Ryder Reveals Hardware Wallet That 'Replaces' Seed Phrases With Novel Recovery System and 'No Central Entity', Raises $1.2 Million
Hardware wallet developer Ryder has announced the close of a $1.2 million raise and revealed the Ryder One hardware wallet featuring a recovery system designed to replace the typical seed-phrase process. In a press relea...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
In a press release shared with Cryptonews, Ryder said it raised $1.2 million from "industry heavyweights," including Oak Grove Ventures, co-founder of Trust Machines Muneeb Ali, SBX Capital, and Bitcoin Frontier Fund....
Read More: Ryder Reveals Hardware Wallet That 'Replaces' Seed Phrases With Novel Recovery System and 'No Central Entity', Raises $1.2 Million
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CryptonewsRelated market context
Ledger Confirms Hidden Hardware Implant in Affected User’s Wallet
Ledger confirmed Saturday, Oct. 10, 2026, that a hardware wallet belonging to one affected customer contained an unauthorized impl...
Ledger investigates wallet tampering tied to tens of millions in crypto thefts
The investigation highlights the critical need for enhanced security measures and trust in crypto hardware supply chains to preven...
Ledger hack scare nears $90 million as Tether moves to freeze stolen USDT
Suspected Ledger wallet thefts are approaching $90 million as Tether freezes USDT stablecoin linked to the incident, according to...
Ledger investigates potential wallet tampering after reports of $86 million in crypto stolen
The hardware wallet maker said it is investigating devices sold by a Southeast Asian reseller as social posts swirl about crypto a...
Ledger Wallet Mystery Deepens as Suspected Losses Hit $93.4M
On Friday, the crypto community finds itself confronting yet another security controversy, this time involving hardware wallet man...
Bitcoin holder loses 80 BTC worth $5.2 million after moving funds to reseller-bought Ledger
The incident underscores the critical importance of purchasing hardware wallets from official sources to ensure asset security. Th...