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- ⚠️ Warning! The government can access your crypto through Ledger recover!
⚠️ Warning! The government can access your crypto through Ledger recover!
What are we doing with our crypto right now
Welcome to Coinsauce's Crypto Roundup, your go-to source for all things crypto. Get ready for a comprehensive newsletter packed with breaking news, captivating stories, and side-splitting memes—all conveniently delivered in a concise format straight to your inbox!
Top stories over the weekend 👇️
🤦 From worse to worst: Ledger confirms that government can access user funds through Ledger Recover.
🌞 Ray of Hope: Presidential candidate Robert F. Kennedy Jr promotes Bitcoin and self-custody at Bitcoin Miami.
🚀Breaking Barriers: Strike announces plans to expand its footprint to 65 new countries.
From Backup to Breakdown, the Ledger controversy continues 👀
Ledger, once renowned for its hardware wallets and safe storage solutions, recently launched Ledger Recover, which is a controversial service that splits users' private keys into three fragments stored with Ledger and two other third-party companies. Sounds like a backup plan, right? Hold on!
In a shocking Reddit exchange, Ledger's co-founder dropped a bombshell: If governments subpoena Ledger and its partners, they can potentially access your crypto. Talk about a back door entrance! 🚪
We're all for innovative solutions, but this move seems like a detour from the right path. Ledger's 'Recover' feature may compromise user privacy and asset security, ringing alarm bells throughout the space. 🚨
At Coinsauce, we're all about self-reliance. We advocate for storing your keys on your terms, not in the hands of corporations or potential government-prying eyes. So, we recommend you practice safer storage solutions by storing your crypto in truly decentralized hardware wallets like Trezor, etc to protect what's rightfully yours until Ledger resolves this issue. (Not financial advice, but sound advice)
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