Last week, Ledger announced the service, called Ledger Recover, which will allow users to store encrypted backups of their seed phrases with a set of three custodians. Ledger owners will then be able to restore their private keys even if they lose or forget their seed phrases. The opt-in feature will require a know-your-customer (KYC) verification.
Cryptocurrency Hardware Wallet Provider Ledger Postpones Release of Key Recovery Service After Public Criticism
