Tag Archives: ledger

Crypto hardware wallet provider Ledger will delay plans to launch its private key recovery service after receiving major backlash following its announcement last week.  The controversy – which rose questions about the safety and trustworthiness of Ledger devices more broadly – has inspired the company to accelerate its open-sourcing roadmap.  Ledger’s Apology Ledger CEO Pascal Gauthier began by issuing a public apology letter on Tuesday for the way Ledger’s “Recover” service...

Online discussions continue to swirl around Ledger’s new firmware update for its crypto hardware wallet, which experts have claimed could put users’ private keys at risk.  Ledger published a Twitter thread on Wednesday attempting to alleviate concerns around the safety of users’ assets, but published a self-contradictory and confusing tweet that stoked the flames of controversy even further.  Ledger’s Worrying Tweet In a now-deleted tweet, Ledger support verified criticisms...

Crypto hardware wallet provider Ledger is receiving major backlash from its online user base after releasing a controversial update that many fear exposes major security flaws with the manufacturer.  Ledger has claimed that the new functionality is both safe and entirely optional, but security experts and crypto holders are already distancing themselves from the company.  Ledger’s Controversial Recovery Service Concerns began to swell late on Monday after Reddit user...

On April 19th, Trezor, one of the most popular cold wallets in the crypto community, enabled a new privacy feature for its users through the CoinJoin security protocol. The new update for Trezor is now available for Trezor Model T users, who simply need to add their CoinJoin account to enjoy the security benefits offered by the decentralized protocol. CoinJoin Enhances Users’ Privacy and Anonymity CoinJoin is an obfuscation method in which different wallet addresses perform...

On December 6th, Ledger, the company behind the hardware wallets Ledger Nano S and Nano X, announced the launch of its new Ledger Stax wallet, which was developed in partnership with Tony Fadel, co-creator of the iPod and iPhone. The new Ledger wallet has a unique and innovative design in the style of high-end Samsung cell phones. It lets users view their NFT collections even when the wallet is off. According to Ledger, all of the improvements to the next-generation wallet...

A group of Ledger users has filed a class-action lawsuit in the United States District Court of Delaware against Global e-commerce platform Shopify, its third-party data consultant TaskUs as well as the hardware wallet maker itself. Another Lawsuit According to the official document, the plaintiffs accused Shopify and TaskUs of their “failure to exercise reasonable care in securing and safeguarding” user data connected to the 2020 data breach that affected Ledger SAS crypto...

The troubles of customers using the services of the popular cryptocurrency wallet Ledger continue. After the security issues last year, users have now complained about receiving fake Ledger replacement devices that actually aim to steal their digital asset holdings. Fake Ledger Replacements Founded in 2014, Ledger develops hardware wallets enabling cryptocurrency investors to store their assets on offline devices. The company has enjoyed significant growth in the past several...

Hardware wallet company Ledger has raked in $380 million thanks to a Series C funding round. The event marks the third largest crypto funding round in the history of the space. Ledger Wallet Has Earned Some Solid Money At the time of writing, Ledger boasts a valuation exceeding $1.5 billion. The latest funding event was led by a wide array of known crypto firms including 10T holdings, Draper Esprit, Draper Associates, DCG, and Cathay Innovation. Prior to this round,...

The popular hardware wallet provider, Ledger, will add Polkadot to its wide variety of supported tokens as of March 4th. Additionally, Ledger will also enable users to stake DOT coins directly on the platform, thus increasing the total number of staking options to five.Ledger Adds Polkadot and DOT StakingFounded in 2014, Ledger is a digital asset wallet provider describing itself as the “global leader in security and infrastructure solutions for safeguarding critical” cryptocurrencies. In a...

In yet another somewhat disappointing turn of events for Ledger users, the company has just revealed that they’ve discovered that the customer records for 20,000 ‘new’ users has been leaked during an incident with Shopify from back in the summer of 2020.In its most recent update, the cryptocurrency hardware wallet manufacturer Ledger revealed that 20,000 users, aside from 93% of those whose information was exposed in a previous attack, have seen their records leaked.Recently, we shared news...