Post
Topic
Board Hardware wallets
Merits 7 from 3 users
Re: Ledger Recovery - Send your (encrypted) recovery phrase to 3rd parties entities
by
Lucius
on 17/05/2023, 09:03:12 UTC
⭐ Merited by LoyceV (4) ,FatFork (2) ,RickDeckard (1)
The trust is currently broken. Ledger says anyone can opt-out of the service, but how can we verify that the backdoor wasn't there the whole time?
~snip~

You've got to be kidding? The trust was broken from the moment when hundreds of thousands of data of their customers were hacked and made public, which included literally everything from full names, residential addresses, mobile phones and e-mails. Anyone who continued to trust that company after that only exposed themselves to additional risk, because as it turned out with this move, they (Ledger) obviously have a way to extract every generated seed, and now they just publicly admitted it.

As far as I'm concerned, I think that every HW from Ledger is compromised and that you should stop using it as soon as possible.