Ledger co-founder clarifies ‘there is no such thing as a backdoor’ in ‘Get well’ firmware replace

The launch of Ledger Get well — a brand new service permitting customers of the Ledger {hardware} pockets to again up their secret restoration phrases — was met with immense resistance from the crypto neighborhood. Ledger co-founder and ex-CEO Éric Larchevêque took the criticism towards Ledger as “a complete PR failure, however completely not a technical one.”

Ledger Get well is an over-the-air firmware replace permitting customers to again up their seed phrases with third-party entities. If a consumer opts into the brand new service, the restoration phrase fragments are encrypted and saved by three events, permitting the consumer to get well the phrase sooner or later. Nonetheless, the seed phrase leaving the {hardware} pockets didn’t resonate with customers who thought-about Ledger a trustless service for storing cryptocurrencies.

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