Ledger key recovery service paused amid backlash, will open-source code
Ledger CEO Pascal Gauthier says the past week has been a “humbling experience” and apologized for the firm’s “miscommunication.” Hardware wallet company Ledger is postponing the launch of Ledger Recover following an intense week of criticism from the crypto community. In a May 23 Twitter Spaces joined by over 13,000 users, Ledger chairman and CEO Pascal Gauthier said it has been a “humbling experience” and a hard lesson in communication: “This experience has been very humbling. We miscommunicated on the launch of this product; it was not our intention to take people by surprise. So because of that, we understand the community’s direction and apologize for the miscommunication.” Gauthier revealed that in response to concerns, the firm would be accelerating its plans to open- source more of its codebase. It will start with core components of its operating system and Ledger Recover, which he stated: “won’t be released until this work is complete.” Screenshot of tweet from Pascal Gauthie...