In light of recent backlash from the crypto community, Ledger, a prominent hardware wallet company, has decided to postpone the launch of its Ledger Recover service. The decision came as a response to a wave of criticism regarding the product’s transparency, security, and potential for censorship.
The Ledger Recover service was originally designed to help crypto users securely manage self-custody of their digital assets and to facilitate migration from less secure environments like exchanges or soft wallets. The vision was to bring a solution for a much-needed problem in the crypto space: the challenge of seed phrase recovery.
However, the way this service was announced led to a significant amount of misunderstanding and criticism within the crypto community. Responding to the uproar, Ledger’s CEO and Chairman, Pascal Gauthier, took to Twitter to clarify Ledger’s stance and to apologize for the initial miscommunication.
“We…
