Despite facing notable criticism over the Ledger seed recovery tool, the hardware crypto wallet firm expects to launch the Ledger Recover tool in Q4 2023.
This week’s Crypto Biz explores Tether’s first quarter audit, Ripple’s partial victory against the SEC, Worldcoin fundraising and Ledger’s controversial recovery service.
Ledger Recover is an OTA firmware update, which would allow users to back up their seed phrases by third-party entities only if a user chooses to opt-in to the new…
Ledger’s decision to introduce a third party to your wallet seed phrase created an exploit that could appeal to both governments and hackers.
Ledger’s latest update — aimed at making private seed phrases on its wallets recoverable — was simply an attempt to innovate and improve user security.
As accusations are hurled at Ledger over a controversial update, one hardware wallet has decided to open-source its firmware. Others have turned it into a marketing opportunity.