Secret

Nano

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 <p class="is-style-lead">On Oct. 24, the <a rel="noopener noreferrer nofollow" title="controversial" href="https://thebittimes.com/tag/controversial.html">controversial</a> Recover <a rel="noopener noreferrer nofollow" title="service" href="https://thebittimes.com/tag/service.html">service</a> from hardware wallet manufacturer Ledger is expected to be released. This was confirmed by the company’s CTO, Charles Guilleme.</p>
 <p>The solution provides a paid, optional subscription wallet recovery service for users who need a secure seed backup, Guilleme said.</p>
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    <p lang="en" dir="ltr">Ledger Recover, provided by Coincover, is launching today! This solution is a paid, *optional* subscription wallet <a rel="noopener noreferrer nofollow" title="recovery" href="https://thebittimes.com/tag/recovery.html">recovery</a> <a rel="noopener noreferrer nofollow" title="service" href="https://thebittimes.com/tag/service.html">service</a> for users who want a secure backup of their Secret Recovery Phrase.<br><br> Let’s recap why this solution is a great and secure option for Ledger users</p>— Charles Guillemet (@P3b7_) October 24, 2023
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 <p>According to Guilleme, the Recover service will remain optional for Ledger customers, both at the release stage and during subsequent updates.</p>
 <p>Guilleme noted that owners of Ledger Nano X wallets can already test the innovation. If the <a rel="noopener noreferrer nofollow" title="service" href="https://thebittimes.com/tag/service.html">service</a> is inactive, just be patient. The company’s CTO also emphasized that the source code of the solution is publicly available.</p>
 <p>An innovation called Ledger Recover was introduced in May 2023. Community members expressed doubts about the declared functionality, especially regarding the restoration of the seed phrase from a backup.</p>
 <p>Users fear that the manufacturer will gain access to confidential information necessary, among other things, for transferring funds.</p>
 <p>Guilleme later commented on an update that would restore the seed phrase.</p>
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 <p>With the new feature, Ledger users will be able to allow software running inside the wallet to view private keys and leave the device as encrypted&nbsp;items, he said. These can then be recombined to recreate the seed phrase.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/ledger-to-launch-controversial-recovery-service-tbt67573.html">https://thebittimes.com/ledger-to-launch-controversial-recovery-service-tbt67573.html</a></p>

Ledger to launch controversial recovery service

TheBitTimes

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