Ledger Delays Recovery Feature Release, To Open Source Code

Also Read: Ledger Controversy: Ripple CTO Shares 7 Key Strategies to End Current Debacle

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Ledger CEO Apologizes

Pascal Gauthier, the Chairman and CEO of Ledger, said the company did not intend to surprise users over the seed phrase recovery concerns. However, the CEO said the company will priorititize security and increased transparency going forward. Hence, he said, the company decided to accelerate its open sourcing plans. The open source code from Ledger will include the operating system, starting with core components of the OS, and Ledger Recover, which won’t be released until this work is complete, the CEO said in a statement. This means the key recovery feature’s release has been postponed until completion.

“Our unintentional communication mistake took everyone by surprise and affected our customer’s ability to accurately understand Ledger Recover, its role for the growing crypto community, and for Ledger’s future offering. We apologize for the way this was communicated.”

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For additional security measures to avoid unauthorized user fund access, the passphrase feature can now we enabled, the company said.

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