Ledger CEO admits authorities may have access to private keys
Pascal Gauthier, CEO of Ledger, acknowledged that authorities could gain access to the private keys of users’ hardware cryptocurrencies. This applies to those users who use the new Ledger Recovery service. But on the What Bitcoin Did podcast, Gauthier noted that they could only achieve this through the courts.
Ledger Recovery is a feature to split a seed-phrase into three parts, each of which will be stored on a separate company's server.If users lose the seed-phrase, it can be recovered by combining the stored code. If users lose the seed-phrase, it can be recovered by combining the stored code.
Ledger users resented the fact that not only the owner of the device could have access to it. Data from community cryptodefix. Ledger's former CEO Eric Larchevêque said the government could demand access to users' funds.
This statement raised a lot of questions from users, but the current CEO assured that this is an unlikely event, as such requests are given in the most serious cases: terrorism or drugs.
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3 comments
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