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TL;DR
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Bear in mind final week once we wrote about Ledger’s new $9.99 p/m ‘Get well’ service?
The proposed service was meant to work like this:
Ledger would take your password (aka ‘seed phrase’), and retailer a backup of it for you, so in the event you misplaced your password – you could possibly nonetheless entry your crypto.
The worry was…
The service required you to offer ID, which means if somebody acquired maintain of your ID, they may achieve entry to your crypto.
Not nice. (And the backlash was extreme).
So extreme that Ledger determined to straight up cancel the service’s roll out. With its CEO commenting that it had been:
“A humbling expertise on methods to work with the group for future choices.”
Excellent news for Ledger homeowners:
The corporate’s {hardware} wallets work simply high quality and not using a $9.99 p/m restoration service.
So, no loss!
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