BREAKING: @Ledger is offering an ID-based key recovery ‚service‘ that provides custodial backup of your Recovery Phrase including a submission of your ID.
WTF are you doing @Ledger?
Folks NEVER EVER let a 3rd party store your privat key. And don’t use #LEDGER overall.
This is real wtf???
Currently very happy I switched to Trezor.
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Multi sig fixes this!
Indeed, and Trezor has used an optional multisig seed phrase approach to address this threat model.
Ledger went with a centralised KYC system.
Tells me a lot about each company and their values.
