The Ledger Controversy: Examining the Challenges of Blockchain Security.
Paris-based crypto hardware wallet company Ledger faced backlash after revealing a proposed wallet-recovery feature that could theoretically move wallet seed phrases off-device via user-approved firmware upgrades, exposing a gap between blockchain industry ideals and technical reality. The company's initial response to the outrage only fueled the furor, leading to a public relations meltdown. The incident served as a reminder of the limitations of hardware wallets and the importance of managing expectations. The overall state of blockchain technology is not yet up to the task of some of the industry's boldest promises.