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Ledger Enhances Wallet Security with New Recovery Key Amid Rising Crypto Thefts
Ledger Enhances Wallet Security with New Recovery Key Amid Rising Crypto Thefts
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BTCCSquare news:
Ledger has introduced the Ledger Recovery Key, a physical, offline backup solution designed to safeguard users' 24-word secret recovery phrases. This launch comes as CNBC reports reveal $2.17 billion stolen from crypto services in 2024, exceeding last year's losses. The new key complements existing paper recovery sheets, adding features like one-tap recovery and PIN protection.
The Recovery Key addresses growing concerns over secret recovery phrase vulnerabilities by providing a secure, offline backup. Unlike digital alternatives, it remains immune to online threats while maintaining user control. Ledger's solution underscores the industry's urgent need for robust security measures as thefts escalate.
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