Opinion: Ledger updated its wallet firmware to allow it to send a version of your seed phrase to third parties. Can the move be justified?
In the face of backlash, it’s essential to remember: If you don’t like it, don’t use it. Period.
Seed phrases represent a single point of failure, which puts too much burden on the user and is prone to human error, phishing attacks, account takeovers and so many more disasters.and other battle-tested cryptographic techniques offer vastly superior trade-offs where seed-based approaches seem archaic in today’s rapidly advancing digital landscape.
The introduction of Ledger Recover might also invite new attack vectors on and off systems: From local malware to government coercion, social engineering and fake KYC recovery, which need to be addressed. Lastly, Ledger’s communications and timing could have been better articulated and managed to avoid the current uproar.However, this doesn’t take away from the fact that they are trying to innovate and improve user security, albeit in a different way than we might.
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