Ledger to Open Source Recovery Key Code Before Release
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Main page News, Wallet, Cryptocurrency
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May 24, 2023

Cryptocurrency hardware wallet manufacturer Ledger said in a recent blog post it would first open source code for its controversial Recovery Key feature before releasing it.

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According to a statement published by Pascal Gauthier, CEO of Ledger, the Paris-based company will disclose as much of the Ledger operating system as possible. Ledger will first open source its core components of the OS, and Ledger Recover.

Later, the company will open source the Ledger Recover protocol, enabling the community "to have as much choice as possible over your self-custody, in addition to the service being fully optional."

"We apologise for the way this was communicated. We never meant to surprise you. In fact, this is exactly why we have been talking about this product publicly for well over a year. We have learned a lot from this experience and you will see that in future communications," said Gauthier.

However, Gauthier didn't elaborate on when exactly the company plans to reveal its source code base. The move comes a few days after Ledger faced criticism over its new feature that encrypts seed phrase and distributes its shards among Ledger's "trusted custodians."

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Polygon CIO, Mudit Gupta, called the feature a "horrendous idea," saying bad actors can easily fake identification. He also stressed that custodians can reconstruct encrypted keys. Later, Gauthier publicly acknowledged that encrypted parts of seed phrases could be handed over to governments if they were to be subpoenaed.

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