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Ledger Accused of Creating Backdoor in Hardware Wallets

Ledger, a leading manufacturer of hardware wallets for cryptocurrencies, has been accused of creating a backdoor in its devices. The accusation was made by Mudit Gupta, chief information security officer (CISO) of Polygon Labs. Gupta claims that the backdoor allows Ledger to access users' private keys, which are used to sign cryptocurrency transactions. He says that this could allow Ledger to steal users' funds. Ledger has denied the accusation, saying that there is no backdoor in its devices. The company says that the feature that Gupta is referring to is a security measure that allows users to recover their funds if they lose their hardware wallet. The accusation has raised concerns about the security of Ledger wallets. Some users have said that they will no longer use Ledger wallets because of the alleged backdoor. It is important to note that there is no evidence that Ledger has ever used the alleged backdoor to steal users' funds. However, the accusation has shaken the trust that some users have in Ledger wallets. It is important to be aware of the risks associated with using any hardware wallet. Users should always keep their private keys safe and secure. They should also be careful about which websites they visit and which emails they open. If you are considering using a hardware wallet, it is important to do your research and choose a reputable company. You should also read the reviews of different hardware wallets before making a decision.

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