Re: Ledger Recovery - Send your (encrypted) recovery phrase to 3rd parties entities
What I say is simple: do not have Ledger Wallet installed on your PC; use Electrum or another wallet to access Ledger; and never do this type of configuration.
This is clear for anyone who wants to continue using their HW Ledger.
It's impossible to use ledger wallet without ever use ledger crap app.This is clear for anyone who wants to continue using their HW Ledger.
First you need this crap app to install and update device firmware, so you need to install and use it minimum one time or more.
There is no way around to generate new ledger account with electrum or any other third party wallet if you have new ledger device.
i also read about the 'recover start' yesterday. what i find even more outrageous is that Ledger charges the user €10 for this service (after the first month is free) from the second month on.
will advise everyone in my circle of acquaintances and also here in the form against this service!
Someone has to be crazy or ignorant to pay for this crap $110 to $120 per year, jut s to have false sense of security.will advise everyone in my circle of acquaintances and also here in the form against this service!
How safe is that against a thief who steals your Ledger and uses "Recover" to extract your seed phrase from the "secure" element?
They need to have physical access your device first, than anything is possible.If they can't extract it, they can sign up for Recover instead of owner
