Ledger dubs service 'risk-free' despite losing millions of user emails
Hardware wallet maker Ledger has moved to reassure concerned users following the announcement of a new firmware update that some say will make their funds “less safe than on MetaMask.” The company claims that its subscription-based ‘ Ledger Recover’ service will give users extra peace of mind in the event they lose or forget their all-important seed phrase. However, critics say that it will expose their details to “the internet” and break the number-one rule of keeping your coins safe – that you should never type your seed phrase into a connected device. Ledger, however, has moved to dispel these fears. According to the company’s CTO Charles Guillemet, there is no “back door,” neither Ledger nor its “trusted providers” will have access to any complete seed phrases , and the service will be completely “risk-free.” He even goes as far as to say that there will be no access even for a very “gifted hacker.” Exciting update, Ledger has a new product, Ledger Recover, that’s launch...