- What Happened To Ledger?

What Happened To Ledger?

Ledger announced the Ledger Recovery program where it will now be possible to extract private keys from the Ledger Nano X. Is Ledger still safe?

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DISCLAIMER: This is NOT financial or legal advice. I am just offering my opinions. I am not responsible f...
Ledger announced the Ledger Recovery program where it will now be possible to extract private keys from the Ledger Nano X. Is Ledger still safe?

Twitter:

DISCLAIMER: This is NOT financial or legal advice. I am just offering my opinions. I am not responsible for any investment or legal decisions that you choose to make. This description may contain affiliate links for products that I believe in and use personally. If you purchase a product through one of them, I will receive a commission (at no additional cost to you). Thank you for your support.

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If I understand correctly, it's even worse than that: firmware update or not, Ledger _always_ had the capability to _physically_ export private keys. The capability was always there, and it was blocked by a mere piece of software (proprietary software, too). So Ledger was never a hardware wallet, it was a soft wallet. Even if you don't update the firmware. In a true hardware wallet the portion of the firmware responsible for direct contact with the private keys should be on a _read-only_ chip, so that no firmware update, ever, could change it. I think this is the problem, and avoiding this firmware update changes nothing. - What Happened To Ledger?

If I understand correctly, it's even worse than that: firmware update or not, Ledger _always_ had the capability to _physically_ export private keys. The capability was always there, and it was blocked by a mere piece of software (proprietary software, too). So Ledger was never a hardware wallet, it was a soft wallet. Even if you don't update the firmware. In a true hardware wallet the portion of the firmware responsible for direct contact with the private keys should be on a _read-only_ chip, so that no firmware update, ever, could change it. I think this is the problem, and avoiding this firmware update changes nothing.

What Happened To Ledger?
2023年05月19日　 JanPBtest 様　
00:00:30 - 00:03:35
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