đš Warning About Ledger: What You Need to Know Before Using It đš
Today it's time to talk about something serious and straightforward: Ledger, the well-known cryptocurrency wallet.
Although it is popular, there are compelling reasons to think twice before using it.
Let's break down the reasons. đđ»
đš Why You Should Think Twice Before Using Ledger
đ©Promotion of Unsafe Practices:
They have promoted wearing Ledger devices visibly, such as on caps or pendants.
This could be an obvious security risk for many.
đ©Data Leakage and Physical Security:
There was a massive data breach of more than 270,000 Ledger customers. This included couriers and physical shipping locations.
Imagine the risk that poses, not only online but to your physical safety.
đ© Excessive Information Collection: Ledger Live seems more like a tracking tool than a security app.
They collect data about your actions, what you store, and even your IP address. Privacy? It seems that it is not his priority.
đ©Ledger Recover and Your Seed Phrase Extraction: They introduced a feature that contradicts their own security claims. Ledger Recover can extract your seed phrase and send it to third parties for safekeeping. Trust? It remains in doubt.
đ© Risks Even Without Using Ledger: Your Ledger Connect Kit library was compromised, putting funds at risk when connecting a wallet to a dApp. This affects even those who do not directly use a Ledger device.
đ© Closed Code and Lack of Transparency: Parts of your code are closed, preventing a complete review.
Although they promised to be more "open source" after the Ledger Recover scandal, trust is already damaged.
