The Backlash to Ledger’s ‘Recover’ Service Continues

by ChainChirp
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Keep in mind final week after we wrote about Ledger’s new $9.99 p/m ‘Get well’ service?

The proposed service was meant to work like this:

Ledger would take your password (aka ‘seed phrase’), and retailer a backup of it for you, so when you misplaced your password – you would nonetheless entry your crypto.

The concern was…

The service required you to supply ID, that means if somebody bought maintain of your ID, they might achieve entry to your crypto.

Not nice. (And the backlash was extreme).

So extreme that Ledger determined to straight up cancel the service’s roll out. With its CEO commenting that it had been:

“A humbling expertise on the right way to work with the neighborhood for future selections.”

Excellent news for Ledger house owners:

The corporate’s  {hardware} wallets  work simply positive with out a $9.99 p/m restoration service.

So, no loss!

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