Ledger Delays “Recovery” But Leaves More Questions Unanswered

In case you’re out of the loop on this one, allow me to give you a quick breakdown on what’s been going on the crypto verse for last few days. Feel free to skip this paragraph if you’re already aware of the lore.

Quick Recap

Ledger entered a PR disaster recently as the industry leader in Non-Custodial Hardware wallets for storing cryptocurrency kicked up a storm following the announcement of its “Ledger Recover” plan, a solution meant to help users recover their seed-phrase in case they somehow misplaced it.

The news was met very negatively by the crypto community as this implies direct access to seed phrase and more attack vectors, at which point, Ledger’s twitter intern had a true “hold my beer” moment and tweeted (in a now deleted tweet) that it was technically always possible to extract keys from the device.

In addition to this, Ledger also confirmed that the government could technically seize crypto out of accounts who have opted into Recovery by subpoena-ing them.

For more context and details into the origin story, check out my previous article.

Latest Developments

In my previous article I actually called it. I said that Ledger effectively decided to commit…