Ledger co-founder clarifies "there isn’t any backdoor" in Get better firmware replace

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

Ledger Get better is an OTA firmware replace, which might permit customers to again up their seed phrases by third-party entities. If a person chooses to opt-in to the brand new service, the restoration phrase fragments get encrypted and are saved by 3 completely different events, which can be utilized to get better the phrase sooner or later. Nevertheless, the concept of the seed phrase leaving the {hardware} pockets didn’t resonate with customers that thought-about Ledger as a trustless service for storing cryptocurrencies.

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