Ledger Launches Controversial 'Recover' Service for Backing Up Wallet Recovery Phrases
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Ledger's new "Recover" service is now live, allowing users to back up their wallet recovery seed phrase.
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Recover involves encrypting, duplicating, and dividing users' private keys across Ledger, Coincover, and an independent provider.
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Some critics argue Recover undermines Ledger's commitment to privacy and security.
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Ledger's CEO says Recover meets demand from users who want backup assurance if they forget their recovery phrase.
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Critics remain unconvinced, saying Recover makes private keys more vulnerable and customers must pay for this.