Government authorities could, via a court order, demand access to the funds in the Ledger wallet connected to the Recover key-recovery service. This was confirmed by the manufacturer’s CEO, Pascal Gauthier.<\/p>\n
However, speaking on the podcast What Bitcoin Did<\/a>, he described such a scenario as unlikely.<\/p>\n In mid-May, the company added<\/a> a feature in the firmware of the Nano X hardware wallet that allows creating a backup of the seed phrase. It is split into three encrypted fragments. Ledger Recover subscribers can restore it on their device.<\/p>\n The feature drew mixed reactions from the community. Users noted the risk of third-party access to the wallet. Some concluded that the manufacturer had initially planned a backdoor in the software to obtain keys.<\/p>\n Ledger’s CTO Charles Guillemet commented on the new option. According to him, the product became a deliberate “compromise”<\/a> designed for inexperienced users and to attract customers.<\/p>\n On the day of the podcast’s release, the support team said that the software “always allowed key extraction.” The tweet was subsequently deleted, but the community reacted sharply.<\/p>\n On Reddit, former CEO and shareholder Eric Larchev\u00e8que weighed in<\/a> on Ledger’s security policy.<\/p>\n \u201cLedger remains secure, there is no backdoor, Recover is not a conspiracy, no one will ever be forced to use the option. The recovery code in the firmware is not malicious and does not enable arbitrary extraction of seed phrases,\u201d he said.<\/p>\n<\/blockquote>\n At the same time, Larchev\u00e8que conceded that the government could subpoena the custodians of its encrypted fragments in court and gain access to the wallet.<\/p>\n Commenting on such a development, Gauthier described this as the “only issue” with the key-recovery function. In his view, such actions by authorities would only be possible in serious circumstances such as terrorism or drug offences.<\/p>\n \u201cIt\u2019s not true that ordinary people are summoned to court every day,\u201d said the head of Ledger.<\/p>\n<\/blockquote>\n In March, the wallet maker announced the expansion of its Series C funding round<\/a> amid the rise in sales<\/a> following the FTX collapse<\/a>. Ledger’s valuation is reportedly \u20ac1.3 billion.<\/p>\n","protected":false},"excerpt":{"rendered":" Government authorities could, via a court order, demand access to the funds in the Ledger wallet connected to the Recover key-recovery service. This was confirmed by the manufacturer’s CEO, Pascal Gauthier.<\/p>\n","protected":false},"author":1,"featured_media":79192,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[961,1640],"class_list":["post-79191","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-hardware-wallets","tag-ledger"],"aioseo_notices":[],"amp_enabled":true,"views":"55","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/79191","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=79191"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/79191\/revisions"}],"predecessor-version":[{"id":79193,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/79191\/revisions\/79193"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/79192"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=79191"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=79191"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=79191"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\n
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