Re: Ledger Recovery - Send your (encrypted) recovery phrase to 3rd parties entities

Quote from: o_e_l_e_o on Today at 11:27:18 AM

They certainly wouldn't. I suppose I couldn't prove it without engineering firmware which does exactly that, but have a look at the hardware architecture here: https://developers.ledger.com/docs/embedded-app/bolos-hardware-architecture/https://developers.ledger.com/docs/embedded-app/bolos-hardware-architecture/

Am I getting it right? The moment you transfer shards of your seed to third-party companies, Ledger transforms to Trezor and starts using an insecure MCU chip to store sensitive information and send it to a USB host. It should work perfectly if your goal is a system vulnerable to remote software attacks.