Ledger, a popular hardware wallet provider for cryptocurrencies, has postponed the launch of its key recovery feature due to backlash from the cryptocurrency community. The seed phrase recovery service, called Ledger Recover, allows users to securely store encrypted backups of their seed phrases with three custodians. This enables users to recover their private keys if they lose their seed phrases. However, critics raised concerns about sharing seed phrases with external entities, which contradicted Ledger’s emphasis on the exclusivity of private keys stored on the device. Ideally, once a user is given a seed phrase, the company should not be able to store the seed phrase in any shape or form. The seed phrase is the only way the user would be able to access the wallet and is an effective method to secure the wallet from hackers. Understandably, critics voiced their concerns on social media, feeling betrayed by the perceived breach of trust. They highlighted potential risks, such as hacks targeting custodians, data leaks from Know Your Customer (KYC) providers and the possibility of law enforcement accessing users’ data stored by Ledger. I want to address the feedback over Ledger Recover, the way it was communicated, and share our path...