If you own a ledger device, it’s time to run to the exit. Not walk, run.
🚩🚩🚩🚩🚩🚩
Trust at your own risk ⚠️
Discussion
For those who want context, there is concern about a new “feature” that some claim is a de facto back door:
https://decrypt.co/140317/ledger-crypto-wallet-under-fire-over-seed-phrase-recovery-service
I just listened to their space. My take away from the CEO.
1) They do not care about their current customers and are “focused on the next 100m customers” = I know you bought when first entered the space, but we want to keep shitcoining & don’t care about Bitcoin.
2) the CEO said if their is a security problem then ledger is the real lose.
3) CEO said “trust me bro” in a round about way.
4) your private key will be exposed to 3rd parties
GFY. Run Run Run Run Run Run NOW. GFY.
Yup. Bye ledger and welcome bitbox02
I’ve been looking at Bitbox - you recommend?
Find something you don’t need to trust and run. I might have bought a weird looking calculator today… maybe I didn’t.
I’m definitely not SHOUTING FIRE 🔥 😉 😉
I’m getting one now! Will take ages to come to UK 😡
In the meantime you might consider the following:
1) download Sparrow Wallet
2) import xpub to Sparrow
3) familiarize yourself with sparrow and delete ledger live
4) prepare for transition to new device
Excellent - thanks so much. Now I need to just figure out what all that means 😂😂😂 it’s hard being technologically stunted in this game!!
