LedgerRecover

Ledger dropped another bombshell—this time with an "optional" firmware update that backs up your seed phrase with third parties. Wait, what? The company that built its reputation on "secure, self-custody" now wants to split, encrypt, and store your keys with external custodians. For a fee, of course.
Here’s the problem:
- "Not your keys, not your crypto" was the mantra Ledger users trusted. Now, they’re blurring the line between self-custody and custodial services.
- Opt-in today, mandatory tomorrow? Once the backdoor exists, who’s to say regulators won’t push for broader adoption?
- Security risks? Even if encrypted, any system that allows key extraction is a potential attack vector.
The irony? Ledger’s CEO once said, “The wallet cannot extract your seed.” Now, their firmware can. Oops!
This isn’t just about an optional feature—it’s about trust. If a hardware wallet company can pivot this hard on self-custody, what’s next?
Time to ask: Is Ledger still the gold standard, or a cautionary tale? 🧐
#NotYourKeysNotYourCrypto #LedgerRecover