Copyright © Ledger SAS. All rights reserved. Ledger, Ledger Stax, Ledger Nano S, Ledger Vault, Bolos are trademarks owned by Ledger SAS.
106 rue du Temple, 75003 Paris, France
FAQs
What is the ledger seed recovery controversy? ›
Ledger later admitted in a Reddit post that if your seed phrase were sharded via Ledger Recovery, a government could subpoena the custodians and gain access to your funds. The Internet exploded soon enough with Ledger receiving an avalanche of outrage. The outrage is justified.
What happens if your ledger breaks? ›Purchase a new Ledger device and use your SRP to restore and access your assets. This is the recommended course of action. Then, restore your device by entering your existing SRP. If you're in the US and require a device urgently, consider checking local Best Buy stores.
How safe is Ledger recover? ›Ledger Recover comprises extensive identity verification processes—performed by Coincover within a secure environment built by Ledger. As an added layer of protection, subject to investigation, $50,000 compensation may be available from Coincover in the unlikely event that something were to go wrong.
Can Ledger see your seed phrase? ›Ledger is unable to retrieve your recovery phrase or PIN code for you. It is essential to always keep your 24-word recovery phrase safe and secure to guarantee access to your funds. Learn more.
What is a 24-word passphrase? ›The passphrase protects your crypto assets if your 24-word recovery phrase were to be compromised. To access passphrase-protected accounts, an attacker will need your recovery phrase as well as your passphrase. Each different passphrase unlocks a unique set of secret accounts.
What happens to my crypto if Ledger goes bust? ›A: All you'd need is your original seed phrase you save when setting up your ledger. With that seed phrase you can recreate all wallets your ledger device creates. Ledger is giving ease of use with this but by no means are you reliant on them for your money if they went bankrupt one day. That's the beauty of crypto!
Can I use my Ledger seed phrase on another wallet? ›This means that even if your original wallet provider doesn't exist anymore, you can still enter your words into another compatible wallet to restore your access (although you might want to avoid this for security reasons).
What is the problem with Ledger? ›Ledger Live users may encounter "Network Error" messages with NEAR accounts on both mobile and desktop. Issues include account creation, transaction display, and history updates. We're receiving reports of users encountering an "Unknown Error while Signing Transactions" when using MetaMask for ETH/EVM transactions.
What is happening with Ledger? ›Ledger says some $600,000 in assets were stolen from users' blind signing on EVM DApps, and it will ensure all victims are “made whole,” while blind signing will be disallowed by June 2024.
How do I opt out of Ledger recovery? ›You can cancel your subscription anytime. Access your Ledger Recover subscription homepage in My Ledger tab, and navigate to Manage subscription -> Delete Ledger Recover login. You will receive an email with a link to unsubscribe.
Why is the Ledger under fire? ›
How the attack was done. Ledger detected an exploit using Ledger's DApp Connect Kit on Thursday the 14th of December 2023. This exploit injected malicious code inside Ethereum-based decentralized applications (DApps) that were using Ledger Connect Kit, tricking users into signing transactions that drain their wallets.