Ledger emphasized that the ID checks required for its private key recovery tool are not like KYC checks as they require “much less” information.
Category: Seed Phrase
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Trezor releases new hardware wallet and metal private key backup
Trezor is celebrating its 10th anniversary by releasing three new self-custody products, focusing on providing entry-level devices.
Victim of 90 ETH exploit set to claw funds back after hacker was blacklisted
The hacker’s wallet with more than $100K worth of USDT was blacklisted and frozen, while the Victim had been drained for almost $170K worth of NFTs and other assets.
Ledger CEO says crypto key recovery service makes self-custody easier
Ledger’s “Recover” service may be concerning, but some crypto industry participants think the feature may onboard new users while helping crypto natives.
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Ledger co-founder clarifies “there is no backdoor” in Recover firmware update
Ledger Recover is an OTA firmware update, which would allow users to back up their seed phrases by third-party entities only if a user chooses to opt-in to the new service.
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I run a Ledger competitor — but I support them in blow-up over keys
Ledger’s latest update — aimed at making private seed phrases on its wallets recoverable — was simply an attempt to innovate and improve user security.
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Bitcoin advocate cracks known 12-word seed phrase in minutes
If the words of a 12-word seed phrase are known, it’s deceptively easy to enter the wallet and sweep the funds.
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‘Haunts me to this day’ — Crypto project hacked for $4M in a hotel lobby
The co-founder of Webaverse said they somehow got their crypto hacked from their Trust Wallet during a meeting with two people claiming to be investors.
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How to keep your crypto safe in 2023: a few tips from an analyst
Lead on-chain analyst at Glassnode, James Check, explains why taking self-custody of your private keys has become more important than ever and how to do it in a few simple steps.
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