Post
Topic
Board Hardware wallets
Merits 10 from 3 users
Re: Ledger Recovery - Send your (encrypted) recovery phrase to 3rd parties entities
by
dkbit98
on 16/05/2023, 09:03:41 UTC
⭐ Merited by o_e_l_e_o (4) ,LoyceV (4) ,hosseinimr93 (2)
If anyone is wondering how can an entity destroy the concept of their own products - in this case by exporting the seed phrase to outside entities, even if it is encrypted - then wait no more because Ledger will launch their new service, Ledger Recover
What a piece of shit they are!
Just when I thought ledger can't get any worse... they release this ''revolutionary'' stupid idea  Roll Eyes
Let me guess what happened here, someone with big capital invested a bunch of money in one of their several seed round funding (last one was in 2022), and now those investors want that money back with this ''deal''.
Everything around ledger is closed source, but they ask us to believe them that everything will be safu encrypted and sent for safu keeping, they can't be serious...
€50,000 ($55,000) is covered and safu says people from ledger, oh please give me a break!

It's finally time to stop using ledger and switch to other open source  alternatives, maybe even making your own DIY device or getting back to old laptop/phone as cold storage.