Does Ledger have a backdoor?

Ledger has repeatedly assured users that there is no backdoor on Ledger devices. According to the company’s co-founder, Nicolas Bacca, the Recover feature “is not a backdoor at all, because nothing will happen without your consent on your device.”

How does Ledger recover work?

It stops any one person from unilaterally authorizing a transaction. Given Ledger Recover is an opt-in service, users that decide not to use it, will not experience any changes to their seed phrase management on their devices. What other hardware wallets are available?

Does Ledger back up seed phrases?

Despite the company adamantly stating that this is a voluntary service, and users can continue to back up their seed phrases themselves, Ledger owners are still unsettled over what this means for the hardware wallet company's security. Is there actually a backdoor in Ledger now?

Does Ledger have a security update?

Even though the update is optional, Ledger owners are still unsettled over what it means for the hardware wallet company's security. Ledger makes hardware wallets for crypto. Image: Ledger A contentious new feature has been added onto all Ledger hardware wallet devices. On Tuesday morning, the announcement had Crypto Twitter buzzing.