Ledger CEO Addresses the 'Mistake' Surrounding Its Key Recovery Service Plans

Last week, Ledger announced a service called Ledger Recover, which will allow users to store encrypted backups of their seed phrases with a set of three custodians. This was followed by harsh criticism from the crypto community. Ledger CEO and Chairman Pascal Gauthier said "the mistake was to release a technical note regarding the operating system, before we had actually released clear communication about the product."