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.

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Discussion

Ser did you forget?

Pfft it ain't even gold

Just wait for the next drooooop

Whats best cold wallet alternative

Trezor

Bitbox 2 Bitcoin only edition.

(Open source, Swiss Made)

Not gonna lie: One of the dumbest things I’ve seen this year from a ‘crypto’ company. And I have seen a lot of dumb shit.

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.

Sad to see such a company is going down that road! Pushing for a larger market share is one thing, but this? 🤔🤯

As long as i do not subscribe to ledger recovery nothing will change for me, right?

Bet they're being "helped" to develop this "valuable" service. They've been minimally sketchy for a while.

Ordered the Ledger Stax from them back in December ‘22. With all the recent developments around Ledger I’m starting to regret it a little bit😅

I would prefer a #ColdCard (America/Kanada) or a #BitBox (Europe)

I’ll keep an eye on the developments but might switch to Bitbox. Thanks a lot🫡

What about Blockstream Jade?

How to get your corn confiscated 101

JFC. Have they learned nothing.

My 2 cents:

#1. Coldcard (by far best)

#2. Trezor T Bitcoin only fw

Ledger is for "crypto bros" who don't care/know about open source.

I'm calling it now: Ledger will leak at least some of their users' #bitcoin seed phrases in the future. Not just their physical addresses and phone numbers, like they have in the past. Next time Ledger customers will lose their whole stack.

Do. Not. Use. Ledger.

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Why shouldn’t you use LEDGER?

Need to dump my ledger asap.

Looks like phishing seeds in broad daylight. Then when someone steals them, sure they will not be getting any kickbacks...