Hardware wallet provider Ledger has received a lot of backlash for its latest 'Ledger Recover' feature.
Ledger Recover is a subscription service that allows users to utilize an additional layer of protection for their private keys. This service employs a technique where the user's seed phrase is divided into three encrypted fragments, each sent to different external entities. Once these fragments are combined and decrypted, they can be used to reconstruct the original seed phrase.
The wallet provider shared that Ledger Recover is an optional subscription for users who want to back up their secret recovery phrase."You don’t have to use it, and can continue managing your recovery phrase yourself if that’s why you bought a Ledger,” the company explained.Mudit Gupta, the chief information security officer at Polygon Labs, shared, “It's a horrendous idea, DON'T enable this feature.
The problem here is not splitting the key in 3 parts. That's actually good! I may or may not be doing that personally as well :) The problem here is that the encrypted keys parts are sent to 3 corporations and they can reconstruct your keys.Founder and CEO of Binance, Changpeng Zhao, chimed in on Gupta’s thread, saying “So the seed can leave the device now? Sounds like a different direction than"your keys never leave the device."Sounds like a different direction than "your keys never leave the device".
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