Post
Topic
Board Hardware wallets
Re: Ledger Recovery - Send your (encrypted) recovery phrase to 3rd parties entities
by
dkbit98
on 28/10/2023, 08:08:27 UTC
Keep in mind, those older devices use closed source firmware too, so you have no way of knowing if your device has a backdoor giving Ledger - or whoever - access to your seed:
I hope they didnt fire btchip co-founder and worst reddit mod just because of that statement, this was just one of his many semi-truths he said Smiley

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
Good question.
This should be clearly written and explained on their website, like with any subscription services.
Maybe some ledger fanboy is willing to do a test sacrifice for all of us, and tell us what happens after cancelation Cheesy