
Ledger Recover Criticism & Why Hardware Wallets Are Still Safe
About this episode
Our Head of Research, Matt, explains Ledger Recover, a new opt-in service offered available for owners of certain Ledger hardware wallets. He explains why the announcement of Ledger Recover was met with heavy criticism and confusion among the crypto community.
Other topics discussed include the risks of Ledger Recover, why it the service may be appealing to some people, and whether Ledger the company will be able to survive this heavy backlash.
Timestamps:
00:00 Intro
00:23 Ledger Recover
01:43 Community Backlash
03:59 Are Ledgers Safe?
06:19 Tradeoffs
07:35 Ledger's Miscommunication
11:05 Don't Panic & Await Clarity
12:40 Form Your Own Opinion
13:49 Security Self-Audit
14:11 Outro
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