Post
Topic
Board Hardware wallets
Merits 1 from 1 user
Re: Ledger Recovery - Send your (encrypted) recovery phrase to 3rd parties entities
by
RickDeckard
on 27/05/2023, 22:40:46 UTC
⭐ Merited by vapourminer (1)
Not in that particular reddit discussion, but that topic is partially covered in the Ledger Recover FAQs. I say partially because they don't go into details how the recovery is supposed to work if the original device is lost. Check the answer to the question "What if I lose my Ledger device that is associated with my Ledger Recover subscription?" o_e_l_e_o is surely on the right track here.
Considering the documents on the FAQ page of Ledger Recovery and how Ledger is replying on Twitter, I would say that o_e_l_e_o is exactly right regarding how the process will be deployed. What amazes me is the fact that Ledger is totally silent when faced with the fact[1][2][3] - or flaw - that is being able to restore your encrypted shards on any device. Do they consider their clients that ignorant regarding how seed phrases work? I should also note that Ledger Nano S will eventually[4] receive this "awesome" feature, per reply on their Reddit page.

As a side note, I am still amazed by the fact that they imploded their company and lost the loyalty of their clients for $9.99 per month...

[1]https://nitter.it/koinosblocks/status/1658789379626729475
[2]https://nitter.it/leacaselli30/status/1659268462806433792
[3]https://nitter.it/holger_wally/status/1658589976530132993
[4]https://safereddit.com/r/ledgerwallet/comments/13scxdo/comment/jlp5t5b/?context=3