Ledger delays Ledger Recover launch after facing strong criticism from the crypto community. CEO Pascal Gauthier acknowledges the “humbling experience” and emphasizes the importance of effective communication.
In response to concerns raised, Ledger CEO Gauthier announces plans to accelerate the open-sourcing of the company’s codebase, beginning with core components of its operating system and Ledger Recover. Gauthier emphasizes that the release of Ledger Recover will only happen once this process is finished.
Ledger’s CTO, Charles Guillemet, announced that in the coming days, the Recover Protocol white paper will be made open source, accompanied by technical blog posts. These resources will provide clear explanations of the principles and workings of the Recover process.
Guillemet emphasized that the open-sourcing of Ledger’s codebase would enable developers to create their backup providers for the seed phrase shards instead of relying solely on Ledger’s solution. He emphasized the significance of this step for both Ledger and the community, highlighting the decision to prioritize the open-sourcing process based on recent events.
Ledger faced a PR crisis for announcing Ledger Recover, a key recovery tool, on May 16. The update aimed to assist users in retrieving lost seed phrases. However, concerns arose from the crypto community about potential risks associated with the feature, causing significant backlash.
Some crypto community members criticized Ledger, alleging that the introduction of Ledger Recover would create a “backdoor” enabling the removal of users’ private keys from their devices. This backlash emerged due to concerns about the security implications of the proposed feature.
Also Read: Ledger CEO Says They Will Share ‘Sharded’ Wallet Keys if Government Asks
