I was almost suckered into buying a Ledger Nano S Plus….

So “hardware wallet” and “Ledger” are pretty synonymous.

Then I did some digging….

First thing I find was Ledger the company had a massive data breach of customer details on their website.

Second thing I find was some kind of software compromise that briefly resulted in people getting the crypto stolen.

Third, I find out there is a “recovery” feature in their Ledger Live that literally exports the seed from the hardware device to a connected computer, and then sends it over the internet to “trusted custodians”….

Finally, I hear the CEO saying that under subpoena, they will hand over your seed to the authorities if you use this “recovery” feature, which he claims is “opt-in” in their closed-source software.

Bonus point, search for “hacked” or “drained” or “emptied” in their subreddit, and you’ll get pages upon pages of results, a lot of which is from within the last year, since they pushed this “recovery” feature.

Very suspicious….