Post
Topic
Board Hardware wallets
Merits 5 from 2 users
Re: My worries with ledger
by
Synchronice
on 13/06/2023, 09:10:03 UTC
⭐ Merited by LoyceV (4) ,Lucius (1)
Just to be clear, I wouldn't recommend buying a Ledger device to anyone, especially after the major data leak from their ecommerce database last year and this latest fiasco with the Ledger recover service. However, if he's comfortable with his current hardware device and doesn't plan on getting a new one, there doesn't seem to be any immediate danger (at least as far as we know) that would require him to stop from continuing to use it.
You can't be comfortable with Ledger anymore because they totally lied about everything related to their hardware wallet, especially about Secure Element because as it seems, it's possible to get seeds from SE via hardware changes and the most dangerous part here is that Ledger is closed source, so, you actually don't know if they have ever taken your seeds without your permission at past. I would immediately move coins from Ledger Hardware into another wallet.

I completely agree, the leaking of all that data along with what they have done now is more than enough warning that this company should not be trusted. Accordingly, I don't think anyone should feel comfortable (safe) using this HW to store large values, because when it comes to Ledger, the only question is what will be the next big scandal. Of course, I don't think that anyone should be in a panic and make hasty decisions, but everyone should start looking for other solutions, whether it's a new HW or using an old PC/laptop as an airgapped device.
The next big scandal will be this: Breaking news! Ledger Recover data leak! Millions of users subscribers lost their coins.