Tags: seed phrase

Ledger emphasized that the ID checks required for its private key recovery tool are not like KYC checks as they require “much less” information.

Trezor is celebrating its 10th anniversary by releasing three new self-custody products, focusing on providing entry-level devices.

The hacker’s wallet with more than $100K worth of USDT was blacklisted and frozen, while the Victim had been drained for almost $170K worth of NFTs and other assets.

Speaking to Cointelegraph, Entero Positivo argued typical seed phrase storage methods are too obvious, so he devised a way to hide a crypto wallet in plain sight.

Ledger’s “Recover” service may be concerning, but some crypto industry participants think the feature may onboard new users while helping crypto natives.

Ledger Recover is an OTA firmware update, which would allow users to back up their seed phrases by third-party entities only if a user chooses to opt-in to the new service.

Ledger’s decision to introduce a third party to your wallet seed phrase created an exploit that could appeal to both governments and hackers.

Ledger’s latest update — aimed at making private seed phrases on its wallets recoverable — was simply an attempt to innovate and improve user security.

Developers say third-party apps can’t access Ledger users’ keys without the device owner’s consent.

If the words of a 12-word seed phrase are known, it’s deceptively easy to enter the wallet and sweep the funds.

Lead on-chain analyst at Glassnode, James Check, explains why taking self-custody of your private keys has become more important than ever and how to do it in a few simple steps.