- Ledger found itself at the center of unwanted drama in the past week.
- The firm has made a move to put an end to recent concerns.
- The damage may have, however, already been done.
In the past week, crypto hardware wallet manufacturer Ledger has dominated discussions in the crypto space, but not for reasons it would prefer.
Ledger opened a can of worms to quell outrage over its newly announced seed phrase recovery service. In a now-deleted tweet, the firm noted that accessing user seed phrases with a firmware update has always been possible, but users trusted Ledger not to do so. The statement contradicted previous assurances to customers and reignited concerns over the lack of visibility into the hardware wallet’s codebase.
The situation worsened as former Ledger Chairman Eric Larcheveque suggested that the government could theoretically gain access to the wallets of Recover subscribers with a subpoena….
