- Eric Larchevec gave out a scandalous message
- It turns out that providers can turn over customer data by court order
Ledger has drawn a lot of criticism the other day over its new Ledger Recovery service.. Instead of alleviating the situation, former CEO Eric Larchevek has issued a controversial new message.
The businessman confirmed that governments can force the ISPs that hold the keys to hand over those keys and seed phrases through the courts.
Eric Larchevek voiced this revelation on the well-known Reddit forum. He criticizes the way the Ledger Recover deployment was organized. Note that the man is not currently employed by the company.
Larchevec said that governments are almost 100% likely to be able to seize user keys from one of the trusted custodians working with Ledger Recover.
This news further reinforced the negative attitudes toward the new service.
Larchevec also noted that nothing has really changed with the introduction of Ledger Recover. Previously, Ledger devices worked along similar lines:
“To use the product, you must trust Ledger. If you treat the software manufacturer as an adversary, it won’t work at all.
Some “advanced users” got crazy and started writing things like “the government took over Ledger.”
But there is a brutal truth that many experts know. It lies in the fact that nothing has changed. The security model here is the same as it was before Ledger Recover came out.”
A former Coinbase executive said yesterday that Google and Apple could take away our cryptocurrencies at the behest of the authorities.