Hardware wallet manufacturer Ledger is facing backlash for its latest firmware update that includes a new feature called "Recover," which allows the company to back up seed phrases. The feature has been criticized for compromising the privacy and security of customers' seed phrases, which is the main purpose of a hardware wallet. Additionally, the feature requires KYC registration, which goes against the privacy values of many in the crypto community. Ledger has also faced criticism in the past for multiple data breaches and for releasing a "stylish" necklace for its cold wallet, which users derided as a security risk.
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