Ledger wallet | Bitcointalksearch.org

malcovi2

member

Activity: 1103

Merit: 76

Quote from: RickDeckard on May 19, 2023, 09:15:48 AM

Like the previous members have said, please do refer to this[1] thread to better understand what is going on regarding the latest discussion regarding Ledger business decisions. Both Reddit and Twitter are currently ravaging Ledger and their reputation has been permanently damaged.

[1]https://bitcointalksearch.org/topic/ledger-recovery-send-your-encrypted-recovery-phrase-to-3rd-parties-entities-5452900

thanks for the link. locking the thread.

RickDeckard

legendary

Activity: 1148

Merit: 3117

Like the previous members have said, please do refer to this[1] thread to better understand what is going on regarding the latest discussion regarding Ledger business decisions. Both Reddit and Twitter are currently ravaging Ledger and their reputation has been permanently damaged.

[1]https://bitcointalksearch.org/topic/ledger-recovery-send-your-encrypted-recovery-phrase-to-3rd-parties-entities-5452900

Poker Player

legendary

Activity: 1372

Merit: 2017

Quote from: joniboini on May 18, 2023, 09:06:11 PM

You should check out the hardware wallet boards, this has been discussed in detail. I believe everyone would not recommend you a Ledger wallet anymore after this. They are doing such stupid PR moves one after another. I guess it reflects how stupid their latest recovery product is. I wonder what makes them do such idiotic things in the first place. You'd expect them to be a bit smarter after being in the industry for years. They are correct that people need to trust Ledger to some extent if they want to use their product, but there is no reason to trust them anymore after they explain that they can and will back up your seeds over the air. CMIIW.

Ledger still lives on the fame it acquired in the past, where Ledger and Trezor earned reliability as safe HWs, but both are in the doldrums. Ledger even more so, I would say. But acquired fame doesn't last forever, and with the bad reputation they are getting, where one can see a lot of videos lately on social media of people breaking their Ledger and people on this and other forums not recommending it, I wouldn't be surprised if their revenue declines and go out of business in a few years.

joniboini

legendary

Activity: 2170

Merit: 1789

You should check out the hardware wallet boards, this has been discussed in detail. I believe everyone would not recommend you a Ledger wallet anymore after this. They are doing such stupid PR moves one after another. I guess it reflects how stupid their latest recovery product is. I wonder what makes them do such idiotic things in the first place. You'd expect them to be a bit smarter after being in the industry for years. They are correct that people need to trust Ledger to some extent if they want to use their product, but there is no reason to trust them anymore after they explain that they can and will back up your seeds over the air. CMIIW.

logfiles

copper member

Activity: 2170

Merit: 1827

Top Crypto Casino

Quote from: yhiaali3 on May 18, 2023, 11:35:51 AM

It looks like the tweet was deleted or the link is wrong. Also, it is better to move the topic to the hard wallets section.

Lol, the deleted it because it cause a complete backlash from the community

They made a new one

Quote from: malcovi2 on May 17, 2023, 09:04:16 PM

I can't feel disappointed why these services chose to ruin their reputation after building it for years.

In short. Getting greedy for more money.

yhiaali3

legendary

Activity: 1848

Merit: 1982

Fully Regulated Crypto Casino

It looks like the tweet was deleted or the link is wrong. Also, it is better to move the topic to the hard wallets section.

As for the news, I do not know about the firmware that facilitates the extraction of the key, but there has recently been great criticism of the recent update to the Ledger wallet, which allows the seed to be sent to selected addresses for a paid service. These things could constitute a major security vulnerability that will harm Ledger's reputation.

malcovi2

member

Activity: 1103

Merit: 76

I read a tweet by Ledger - (1/2) Technically speaking it is and always has been possible to write firmware that facilitates key extraction. You have always trusted Ledger not to deploy such firmware whether you knew it or not.

I don't use ledger, I was just looking for discussions on how bad the new terms of service of Metamask and for me this is seriously a security flaw that could cost people's money, I can't feel disappointed why these services chose to ruin their reputation after building it for years.

Topic: Ledger wallet (Read 118 times)