Post
Topic
Board Hardware wallets
Re: Ledger Recovery - Send your (encrypted) recovery phrase to 3rd parties entities
by
examplens
on 27/10/2023, 10:10:40 UTC
On a serious note, this does bring up an interesting question. What happens if someone cancels their automated payment for Ledger Recover? Will they destroy the seed phrase from their storage and all their backups? I find that hard to believe, and you can't know for sure. Or will they just keep your seed phrase, but deny you acces if you ask for it? Or will they just charge you a much higher "manual recovery fee" when you need it? Either way, I'm not going to find out Tongue

That occurred to me as well. What if someone is really late with a payment and has not cancelled the service, will Ledger itself be charged from the funds in the wallet?
It's a pity that we will never have reliable information on how many users have really decided to pay for this service, but I think it will be a complete fiasco.