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<p>Ledger's latest multisig interface for its Nano Gen5 device has sparked controversy due to newly implemented fees, drawing criticism from cryptocurrency enthusiasts and developers for altering traditional open-access approaches.</p>
<p>The update raises concerns over user transparency and increased operational costs, impacting Ethereum assets and stirring backlash from the crypto community.</p>
<p>Ledger's recent multisig update, launched with the <strong>Nano Gen5</strong> device, has stirred significant controversy among cryptocurrency users. The update shifts traditional secure self-custody solutions to a <a href="https://shop.ledger.com/pages/ledger-multisig-terms-of-use" rel="noopener noreferrer nofollow">fee-based service</a> model.</p>
<p>The update introduces a $10 flat fee per standard transfer and a 0.05% fee on ERC-20 transactions. Critics argue it moves away from Ledger's <strong>open-source philosophy</strong>, according to statements from prominent developers.</p>
<h2 id="ledger-introduces-fees-with-nano-gen5-multisig-update">Ledger Introduces Fees with Nano Gen5 Multisig Update</h2>
<p>Ledger's recent multisig update, launched with the <strong>Nano Gen5</strong> device, has stirred significant controversy among cryptocurrency users. The update shifts traditional secure self-custody solutions to a <a href="https://shop.ledger.com/pages/ledger-multisig-terms-of-use" rel="noopener noreferrer nofollow">fee-based service</a> model.</p>
<p>The update introduces a $10 flat fee per standard transfer and a 0.05% fee on ERC-20 transactions. Critics argue it moves away from Ledger's <strong>open-source philosophy</strong>, according to statements from prominent developers.</p>
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 <a href="https://twitter.com/pcaversaccio/status/1981623813180637673" rel="noopener noreferrer nofollow"></a>
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<h2 id="security-concerns-over-ledger-s-closed-source-interface">Security Concerns Over Ledger's Closed-Source Interface</h2>
<p>Security researchers have expressed concerns over Ledger's <a href="https://www.ledger.com/academy/topics/security/the-state-of-crypto-scams-in-2025" rel="noopener noreferrer nofollow">shift towards a proprietary model</a>, citing potential <strong>exclusion of Nano S users</strong>. Developers criticize the new closed-source interface, raising transparency issues regarding the fee structure.</p>
<p>The financial implication, involving additional transaction costs, could <strong>affect Ethereum</strong> and ERC-20 users significantly. This shift may reshape Ledger's revenue model but aligns poorly with community expectations for open-source and transparent operations.</p>
<h2 id="ledger-s-fee-model-echoes-past-controversies">Ledger's Fee Model Echoes Past Controversies</h2>
<p>Historically, Ledger users relied on free, open-source multisig tools. This fee-based model departure echoes prior controversies, such as the backlash against Ledger Recover's <strong>cloud backup fees</strong>. Similar changes have rarely occurred in hardware wallet industries.</p>
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 Ledger’s new multisig is a cash-cow tactic. Treating multisig users as cash cows contradicts the cypherpunk ethos Ledger once embodied. Nano S owners are basically censored. - pcaversaccio, Security Researcher at SEAL-911
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<p>Experts indicate potential market backlash, suggesting that this <strong>recurring fee model</strong> challenges the core decentralization ethos. The new strategy could alienate loyal users, contrasting Ledger's traditional image as a supporter of transparent crypto solutions.</p>
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 <a href="https://twitter.com/0xSarnavo/status/1981635171334983952" rel="noopener noreferrer nofollow"></a>
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    <td><em><strong>Disclaimer</strong>: This <a href="https://www.kanalcoin.com/" target="_blank" rel="noopener noreferrer nofollow"><strong>website</strong></a> provides information only and is not financial advice. Cryptocurrency investments are risky. We do not guarantee accuracy and are not liable for losses. Conduct your own research before investing.</em></td>
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</figure> <a href="https://www.kanalcoin.com/ledger-multisig-update-community-reaction/" rel="noopener noreferrer nofollow">Read original article on kanalcoin.com</a>

Ledger's Multisig Update Triggers Community Backlash Over Fees

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