The Ledger wallet is at the center of the debate in crypto with the launch of the controversial Ledger Recover feature, which many believe is a security nightmare that exposes billions in user funds. Hashoshi breaks down the facts in the insane case of Ledger Recover.
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⏰ // Timestamps // ⏰
0:00 Intro
0:33 Ledger wallet controversy
2:23 What is Ledger Recover?
3:53 Why are people so concerned?
4:44 Should you be worried if you own a Ledger?
6:23 Measuring the security risk
8:17 Can you trust Ledger wallets?
8:50 The unfortunate truth we must face
10:22 Two ultimate lessons we must learn
11:19 An analysis of Ledger’s mistakes
12:16 The bottom line.
12:39 Alternative hardware wallets
13:33 The one defense of Ledger
14:42 follow these security tips!
#Hashoshi #Cryptocurrency #Ledger
19 Comments
I’m glad I use a Trezor. At least they’re open source and I think they have the shemiah option also but you set up your own custodians and everything.
Thank you for your clear explanation
Ledger co-founder admits that with if you use "Ledger Recover" a government could submit a subpoena and get access to your funds
I always thought this whole thing was a farce, first they say your crypto is on a ledger but they also say all crypto is on the blockchain my question is ….. can we take it off the blockchain or is this a sick joke to sell a crappy device to the blind sheeples??
Funny how you people thought this wouldn’t happen. Ledger is trying to IPO you dummies smdh
Looking like it more and more…the style of this recover thing puts ppl on edge…its an indication of fuzzy thinking and a loose minded launch. A capitulation to higher ups outside the company. If I'm wrong I welcome the proof. This wrongfulness forces me to consider the competition 😑 if one owns stocks in this company keep a quick eye on it and be ready to pull out.
Great content. Thx
Ledger should have known their customer base. It looks like they were under the impression that there was a large user base that wanted/needed this, leading them to the conclusion that it was better for a firmware update and capture all those willing users rather than forcing them to buy another model. So, a mis-judgement in user base and a level of clumsy communication, not to mention a complete lack in securing customer data which has been breached twice, is all many of us need to move on. To me, I'm somewhat baffled as to why anyone would continue with them.
Litecoin is the key to your financial freedom. Litecoin (LTC) is a digital commodity, not a security, which cannot be seized, frozen, or confiscated; LTC is a decentralized digital crypto payment medium without intermediaries such as banks. Its purpose is not to overtake or compete against but rather to complement Bitcoin (BTC), like silver complements gold. From its inception in 2011, Litecoin was designed to be the "digital silver" to Bitcoin the "digital gold".
I lost over $40K when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I find one source to recover my money, at least $9k profits weekly. Thanks so much Mrs Debra Hindman.
Let's be honest buttcoin is a scam just say it.
Stay paranoid friends if it feels off then use another brand new hardware wallet from a different provider just saying being paranoid can cover your arse
Stay rebellious friends 🏴☠️🫡
Well said.
"Can't be evil beats won't be evil"
That argument applies to many things
Yep! Crypto will remain a niche product until someone figures out a way to store it that is not equivalent to leaving cash underneath your mattress.
Although that's sounding like a better idea as the days go by, and the banks go down.
If you wanna be successful, you most take responsibility for your emotions, not place the blame on others. In addition to make you feel more guilty about your faults, pointing the finger at others will only serve to increase your sense of personal accountability. There's always a risk in every investment, yet people still invest and succeed. You must look outward if you wanna be successful in life.
Thank you for stating what so few are willing to acknowledge – that hardware wallets (as they are today) are not a solution for the masses.
Great insights man! Thank you!
Hey Hashoshi, I've been following your coverage of DeFi and blockchain innovations, and I think it's essential for you to discuss the collaboration between Rocifi and Zksync. It's a groundbreaking partnership that combines under-collateralized lending and fast, secure transactions. Your audience would love to hear your thoughts on this game-changing collaboration!