Following harsh criticism from the crypto community, hardware wallet provider Ledger will delay releasing a key recovery feature.
In a letter to users, Ledger CEO Pascal Gauthier wrote that the firm won’t introduce the new feature before releasing the code for it. The company also scheduled a Twitter Spaces session for 12:30 p.m. EST on Tuesday to discuss the issue.
Last week, Ledger announced the service, called Ledger Recover, which will allow users to store encrypted backups of their seed phrases with a set of three custodians. Ledger owners will then be able to restore their private keys even if they lose or forget their seed phrases. The
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