Cryptocurrency Q&A
Can government access Ledger?
Can government access Ledger?
Carlo
Sat Oct 05 2024
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6 answers
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Is it possible for governments to gain access to the Ledger blockchain platform, and if so, how do they go about doing it? Are there any privacy concerns that users of Ledger should be aware of, especially in regards to their personal information and transaction data? How does Ledger protect its users' data from potential government intrusion or other unauthorized access, and what steps can users take to further secure their digital assets?
6 answers
Lucia
Mon Oct 07 2024
The recent update to the Ledger cryptocurrency wallet has sparked controversy in the digital asset community.
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MysticInfinity
Mon Oct 07 2024
The ability of governments to access these seed phrases through subpoenas could potentially compromise the privacy and security of users' funds, leading to a loss of trust in the wallet's security measures.
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Eleonora
Mon Oct 07 2024
Pascal Gauthier, the CEO of Ledger, has made a statement revealing that the update now allows governments to gain access to users' seed phrases through legal means such as subpoenas.
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Isabella
Mon Oct 07 2024
This revelation has raised concerns among cryptocurrency enthusiasts and investors who prioritize privacy and security when it comes to their digital assets.
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Starlight
Mon Oct 07 2024
A seed phrase is a crucial component of a cryptocurrency wallet, as it acts as a backup and can be used to restore access to a wallet if the user loses their private keys.
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