Quote from: dkbit98 on Today at 08:08:27 AM

Quote from: LoyceV on October 27, 2023, 09:33:43 AM

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

I didn't sign up for the service to check, but according to the official website, you have up to 9 months to recover the subscription with an additional fee of €50, after 9 months it will no longer be possible to use the service. Since it is an extended period, I believe that the information will be deleted later.

Quote from: https://www.ledger.com/recover

What happens if I stop paying my subscription?
If you don't update your payment info and pay the subscription within 7 days, you won't be able to restore your private keys using Ledger Recover. If you don't regularize your payment within 3 months, your subscription will be suspended. After your subscription is suspended, you have 9 months to contact Ledger Recover Support and reactivate your subscription. You will need to pay an administration fee of 50 EUR along with any outstanding balance.

In turn, Coincover says it will never give up its share of the key, even if it receives court orders. Unless it's extremely radical, but...

Quote from: https://www.coincover.com/faq

Coincover will never pass your information to a third-party unless it has a legal obligation to do so. For example, law enforcement agencies often have extensive criminal investigation powers, including the ability to obtain production orders requiring information to be produced. It may result in a criminal offence for any entity supporting Ledger Recover to fail to comply with a production order, but Coincover would always take all reasonable steps to verify a production order before complying with it.

You should also note that the Recovery Seed Phrase (RSP) is encrypted and split into three fragments – all of which are held by independent companies established in separate legal systems. Since a minimum of two of three fragments would be required to gain access to your wallet, it is likely that an order would need to be obtained in at least two jurisdictions. These individual fragments are not exploitable on their own. Two of them would need to be recombined and decrypted with separate keys. Any order of this nature would realistically only ever be obtained in the most serious cases of criminality (such as where terrorist financing is suspected).

Coincover will never be able to access your seed phrase. Coincover or the other backup providers will only ever manage one encrypted fragment. We do not hold nor have access to the other fragments that make a complete seed phrase.