Category: Recovery Seed

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Recovery firm proposes cracking former Ripple CTO’s $244M Bitcoin hard drive

Stefan Thomas, the former chief technology officer at Ripple, has an IronKey hard drive containing 7,002 BTC with only two attempts at guessing a password remaining. A company is petitioning former Ripple chief technology officer Stefan Thomas for a hard drive containing more than 7,000 Bitcoin (BTC) that he has been unable to access for…
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Ledger CEO says crypto key recovery service makes self-custody easier

Ledger’s “Recover” service may be concerning, but some crypto industry participants think the feature may onboard new users while helping crypto natives. Hardware crypto wallet firm Ledger has faced harsh criticism from the crypto community after announcing its “Recover” service, which is an optional paid feature that will eventually allow users to back up and…
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Ledger co-founder clarifies ‘there is no backdoor’ in ‘Recover’ firmware update

Ledger Recover is an over-the-air firmware update allowing users to back up their seed phrases by third-party entities if they opt-in to the new service. The launch of Ledger Recover — a  new service allowing users of the Ledger hardware wallet to back up their secret recovery phrases — was met with immense resistance from…
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How to keep your crypto safe in 2023: a few tips from an analyst

Lead on-chain analyst at Glassnode, James Check, explains why taking self-custody of your private keys has become more important than ever and how to do it in a few simple steps. There is no excuse for not putting a few hours of research into how to properly custody your crypto, according to lead on-chain analyst…
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What is a seed phrase and why is it important?

It’s crucial to remember your seed phrase, which is a string of random words produced by your cryptocurrency wallet when you initially set it up. How to keep your seed phrase safe A crypto seed phrase in the wrong hands can do damage, so it is advisable to always ensure it is safe. The following…
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