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Ledger Scraps Controversial Key Recovery Feature After Criticism from Crypto Community

Hardware wallet provider Ledger has decided not to launch its key recovery feature following criticism from the crypto community. In a statement, CEO Pascal Gauthier apologized for the miscommunication surrounding the development and said that Ledger would release the code for the new feature before launching it.

Gauthier also announced that Ledger would accelerate its open-source roadmap by making the code for the core components of its OS, including Ledger Recover, publicly available. The feature had come under fire for the security risk of sharing seed phrases online and its need for a know-your-customer process.

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