Pascal Gauthier, CEO of Ledger, issued a statement aimed at responding to recent concerns from the community regarding the “Ledger Recover” feature, which allows the extraction of the seed of certain users. As such, the Ledger Recover code will soon be made open source for the sake of transparency.
https://cryptoast.fr/feed/
Face aux critiques, Ledger va passer sa fonctionnalité Ledger Recover en open source
Ledger reacts to reviews of its latest product
Pascal Gauthier, CEO of Ledgerspoke this afternoon in order to respond to the strong criticism received by the company regarding its new Ledger Recover feature. The latter, which makes it possible to extract the seed from the Ledger Nano X in order to divide it and transmit it in encrypted form to third parties, has indeed aroused strong reactions on social networks.
“Our unintentional miscommunication took everyone by surprise and affected our customers’ ability to properly understand Ledger Recover, its role for the growing crypto community, and for Ledger’s future offering. »
The CEO of Ledger says the company is just continuing its mission to make crypto easier and safer, and this feature comes directly in line with that. The latter also explains that the different applications available on Ledger Nano as well as part of the OS are already available in open source for the sake of transparency.
And Ledger Recover, the much-maligned feature lately, should soon follow suit :
“So we made the decision to accelerate the open source roadmap! We will include Ledger OS as much as possible, starting with core OS components, and Ledger Recover, which will not be released until this work is complete. Additionally, we will make the Ledger Recover protocol open source, allowing the community to have as many choices as possible about self-detention, in addition to the service being entirely optional. This roadmap will be shared and updated by our CTO and engineering team. »
Our service dedicated to cryptocurrency investors. Get real-time analytics and optimize your crypto portfolio.
Ledger Recover will therefore not be available until its code has been published, according to Pascal Gauthierwhich Charles Guillemet, the company’s CTO, repeated in an explanatory thread.
At the same time, interviewed at the microphone of the What Bitcoin Did podcast, the CEO of Ledger indicated that the 3 pieces of encrypted seed could be sent to governments if they so request. An unlikely case, according to him, reserved for very serious cases such as terrorism and drug cases.
As for the main question, which is to know why Ledger claimed last November that the users’ seed phrase could not be extracted from the chip with a firmware update when this is a priori possible, the latter did not receive an explanation through Pascal Gauthier’s press release.
👉 In The News – Cryptocurrencies stolen from hacks fell 70% in Q1
Discover ZenGo
$10 Bitcoin bonus from $200 deposit 🔥
Source: official press release
Newsletter 🍞
Receive a summary of crypto news every Monday by email 👌
What you need to know about affiliate links. This page presents assets, products or services relating to investments. Some links in this article are affiliated. This means that if you buy a product or register on a site from this article, our partner pays us a commission. This allows us to continue to offer you original and useful content. There is no impact on you and you can even get a bonus by using our links.
Investments in cryptocurrencies are risky. Cryptoast is not responsible for the quality of the products or services presented on this page and could not be held responsible, directly or indirectly, for any damage or loss caused following the use of a good or service highlighted in this article. Investments related to crypto-assets are risky by nature, readers should do their own research before taking any action and only invest within the limits of their financial capabilities. This article does not constitute investment advice.
AMF recommendations. There is no guaranteed high return, a product with high return potential involves high risk. This risk-taking must be in line with your project, your investment horizon and your ability to lose part of this savings. Do not invest if you are not ready to lose all or part of your capital.
To go further, read our Financial Situation, Media Transparency and Legal Notices pages.
Passionate about the world of decentralized finance and the novelties brought by Web 3.0, I write articles for Cryptoast to help make blockchain more accessible to everyone. Convinced that cryptocurrencies will change the future very soon.
Maximilien Prue
730 items
