Ledger Recover Criticism & Why Hardware Wallets Are Still Safe

from Collective Shift · host Collective Shift

Our Head of Research, Matt, explains Ledger Recover, a new opt-in service offered available for owners of certain Ledger hardware wallets. He explains why the announcement of Ledger Recover was met with heavy criticism and confusion among the crypto community.Other topics discussed include the risks of Ledger Recover, why it the service may be appealing to some people, and whether Ledger the company will be able to survive this heavy backlash.Timestamps:00:00 Intro00:23 Ledger Recover01:43 Community Backlash03:59 Are Ledgers Safe?06:19 Tradeoffs07:35 Ledger's Miscommunication11:05 Don't Panic & Await Clarity12:40 Form Your Own Opinion13:49 Security Self-Audit14:11 Outro

What this episode covers

Our Head of Research, Matt, explains Ledger Recover, a new opt-in service offered available for owners of certain Ledger hardware wallets. He explains why the announcement of Ledger Recover was met with heavy criticism and confusion among the crypto community. Other topics discussed include the risks of Ledger Recover, why it the service may be appealing to some people, and whether Ledger the company will be able to survive this heavy backlash. Timestamps: 00:00 Intro 00:23 Ledger Recover 01:...

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Ledger Recover Criticism & Why Hardware Wallets Are Still Safe

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This episode is 14 minutes long.

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This episode was published on May 24, 2023.

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