Apparently ledger pushed an update yesterday that adds a “feature” that encrypts and uploads your seed to third parties? lmao.
https://www.reddit.com/r/ledgerwallet/comments/13itm7u/is_there_a_backdoor_yes_or_no/
"The device sends encrypted shards of your seed to different companies if you decide to use the service. You can of course still choose to backup it yourself."
Well, that's at least good to know it's not enabled by default for everyone. That said, knowing that your Ledger now has the capability for your seed phrase to leave your device is damning.
If you use Ledger, it's time to switch to something else such as Coldcard, Passport, or Jade.
Unchained uses Trezor … is there any reason to believe that will change? #[4]
Trezor is fine to use too.
Trezor at its core is a shitcoin wallet. Sure, it’s open source and has so far been a much better run business than ledger. But any wallet which supports hundreds of shitcoins has bad incentives built in and worse security by nature due to increased complexity. Get a Bitcoin only hardware wallet and use Bitcoin only companies.
Maybe better at hiding stuff 🤔
I noticed trust wallet has it you can back up a seed to Google drive now. I feel a lot of hot wallets and cold storage device companies are going to start doing similar things. I'm not for it. But eventually I do see this similar service everywhere . Will be interesting to see how it plays out.
storing your seed words in the cloud is bad. is it easier, sure, but that doesn't mean it's a good idea.
I never said it's a great idea, I would never do it, and never recommend it to anyone. But there are people that are not tech savvy as us. Another point also is. How do we really know Trezor and other cold storage device companies aren't going to follow suit. 🤔
they could, but i believe any bitcoin-only company would be less likely to follow suit. and if one does, you move your funds to another wallet.
What if you’re only using this backup in a multisig, so the other keys remain private? How is that different than Casa?
Also read it is for ledger nano x. But not the other models.
I just purchased a COLDCARD™ Mk4 Colour: Purple ! Thanks #[4] 🤙🏼💜🫂
