- The Ledger drama is far from over.
- The situation has grown increasingly complex.
- Ledger CEO Pascal Gauthier has responded to growing concerns.
The crypto market is rarely devoid of drama. In the past week, Ledger has found itself at the center of the latest controversy over its Ledger Recover service, which sparked fears of an exploitable back door in its popular hardware crypto wallet.
The situation has only gotten more complicated since then. In a now-deleted tweet, Ledger let slip that it has always been possible to extract users’ keys with a firmware update countering previous statements to customers. Over the weekend, the firm’s former Chief Executive Officer and Chairman Éric Larchevêque further suggested that the government could access Recover customer assets through subpoenas, renewing customer fears.
While not denying concerns raised by Larchevêque’s comments, Ledger CEO Pascal…
