Ledger Recover Delayed Until Open Sourcing Is Available

Ledger will prioritize the release of the Ledger Recover white paper


Maurice NORBERT/Shutterstock modified by Blockworks


Ledger will delay the release of its Recover service after backlash on social media. 

In an open letter, Pascal Gauthier, CEO of Ledger, said that the company had made an “unintentional communication mistake” which hindered consumers from “accurately” understanding Recover. 

“We believe wholeheartedly in the need for a service like Ledger Recover—those of us who have been in the space for a long time, over a decade in my case, have a responsibility to ensure everyone can be self-sovereign and can have self-custody over their digital value,” Gauthier said

In a tweet, Ledger’s Chief Technology Officer Charles Guillemet said that the company will release the white paper for Ledger Recover, and will then give consumers the option to implement their own shard backup providers. This will all be done under an open-source implementation. 

Ledger won’t release Recover until the open sourcing is complete. 

Loading Tweet..

The Ledger team says that the priority of the open source project will be Ledger Recover, “to make it fully auditable.”

The company hosted a town hall with executives on Twitter Spaces to address customer questions and concerns as well as give more clarity on what’s next for Ledger Recover.

“We’ll start with open sourcing the white paper of Recover,” Guillemet said on Twitter Spaces. “It will also allow developers to build their own shard backup provider so you can use the Recover service as it’s offered by Ledger, but if you want to build the backup on your own, this will be possible.”

When Ledger initially announced Ledger Recover, industry participants – such as Polygon Labs’ Chief Information Security Officer Mudit Gupta – warned that Recover could be a “horrendous idea.”

There was also confusion as to whether or not the Recover service could accidentally give hackers access, though Guillemet said that “there is no backdoor for anyone, neither us, a provider or even a very gifted hacker to access it.”

The service was designed to be an “optional subscription for users who want a backup of their Secret Recovery Phrase. You don’t have to use it, and can continue managing your recovery phrase yourself if that’s why you bought a Ledger.”

Updated May 23, 2023 at 1:04 pm ET: Added addition context regarding Ledger’s Twitter Spaces.

Don’t miss the next big story – join our free daily newsletter.


Upcoming Events

Hilton Metropole | 225 Edgware Rd, London

Mon - Wed, March 18 - 20, 2024

Crypto’s premier institutional conference returns to London in March 2024. The DAS: London Experience: Attend expert-led panel discussions and fireside chats Hear the latest developments regarding the crypto and digital asset regulatory environment directly from policymakers and experts.

Salt Lake City, UT

WED - FRI, OCTOBER 9 - 11, 2024

Pack your bags, anon — we’re heading west! Join us in the beautiful Salt Lake City for the third installment of Permissionless. Come for the alpha, stay for the fresh air. Permissionless III promises unforgettable panels, killer networking opportunities, and mountains […]

recent research

Research report - cover graphics (1).jpg


In this report, we dive into crypto private market data to gather insights on where the future of the industry is headed. Despite a notable downturn in private raises, capital continues to infuse promising projects that aim to transform payments, banking, consumer experiences, community, and more, with 2023 being the fourth-largest year for crypto venture capital.


Revolut said that the standalone crypto exchange is currently “invite only”


The stock price jump comes after Coinbase reported ending its seven-quarter run of net losses during the fourth quarter


BUZZ holds shares of Coinbase, Robinhood and MicroStrategy


Opinion: Even though I didn’t pay for my “Diamond Hands” burger with BTC, don’t let that fool you into thinking that crypto’s development is futile


The results mark “a major positive inflection point,” one analyst says, as the exchange carries net income momentum into a crypto rally


While the slate of 10 US spot bitcoin funds have tallied $4.6 billion of net inflows thus far, half of the field is lagging the leaders