Ledger Recover Announcement Leads to Massive Crypto Uproar
The Breakdown
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Ledger's New KYC Feature Is a Nightmare Fuel for New Threats
Ledger suffered a data breach in which 300,000 customers had their names, phone numbers and physical addresses leaked. The code path to send private key material over the internet will be on your device whether you opt in or not. Hackers can take advantage of this and software bugs more likely to leak. Ledger co-founder Nicholas Bakker: "It's not a backdoor at all"
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