Ledger co-founder clarifies ‘there is no backdoor’ in ‘Recover’ firmware update

The launch of Ledger Recover — a new service allowing users of the Ledger hardware wallet to back up their secret recovery phrases — was met with immense resistance from the crypto community. Ledger co-founder and ex-CEO Éric Larchevêque took the criticism against Ledger as “a total PR failure, but absolutely not a technical one.” Ledger Recover is an over-the-air…