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Is Ledger’s New Bitcoin Key Recovery Feature Safe? Experts Have Doubts

The French wallet-maker believes the service will help attract customers turned off by crypto's unforgiving self-custody ethos. But critics wonder whether the concept is compatible with a real hardware wallet.

By Anna Baydakova|Edited by Benjamin Schiller
Updated May 19, 2023, 5:10 p.m. Published May 19, 2023, 1:40 p.m.
“Security is really the precursor to mass adoption and scalability," Alex Zinder, global head of hardware wallet maker Ledger Enterprises said, on CoinDesk TV’s “First Mover," show. (Hendrik Morkel via Unsplash)
“Security is really the precursor to mass adoption and scalability," Alex Zinder, global head of hardware wallet maker Ledger Enterprises said, on CoinDesk TV’s “First Mover," show. (Hendrik Morkel via Unsplash)