~snip
In fact, it turns out that Ledger first slipped its customers a new firmware version with this damned recovery function and only then announced this function. I don't believe that there was a mistake and the company (in which can’t even sneeze without the consent of the management) mixed up the date of the announcement of such a high-profile feature. Was this done on purpose so that as many users as possible upgraded to version 2.2.1?
Ledger's management are brilliant businessmen: you get verified with KYC and still pay money for it. Simple, ingenious.
Closed source, KYC, dubious collaborations. All this together forms a big alarm signal.
~snip
It's funny to hear calls to believe from a Ledger when they have already seriously screwed up with the personal data of their customers 2 times in the not so distant past. Moreover, both times they got off lightly without incurring any material losses, not to mention reputational ones. But it should have. And after this set-up with the so-called recovery function, Ledger will not lose its position in the eyes of ordinary users who don't really ask themselves where this company is slipping? I think no. Moreover, line up of their clients who are ready to pay those $10/month for a KYC.
Faith has no place in financial matters. Here there is only openness, reliability and security.
This is so bad that i might give them negative feedback if they have account on this forum. And considering this "feature" require ID verification where Ledger already leak user data in past, it feels like disaster waiting to happen. By disaster, i mean your legal document will be leaked and misused by criminal to perform identity theft.
The coming catastrophe may turn out to be something else. Having a user ID thanks to the KYC for $10\month, having the entire history of transactions and wallets thanks to the data received through the Ledger Live, all users of this devices are at a glance. And if pass this information on to governments, which seems quite possible, if measured by the dynamics of changes in the actions of this company, it becomes not fun at all.
The most hypocritical thing is that the Ledger presents all the crap to its users under a plausible pretext, supposedly taking care of the safety of their funds.
"The road to hell is paved with good intentions".It is precisely along this road that the Ledger has been slide down more and more lately.