Ledger launches wallet recovery solution Ledger Recover

Ledger has announced the launch of Ledger Recover, its wallet recovery solution powered by Coincover. Ledger Recover is a paid, optional subscription wallet recovery service for users who want to securely back up their secret recovery phrases. Ledger stated that Ledger Recover is not an automatically subscribed service; to subscribe, users must pay the subscription fee and approve the creation of backups on Ledger Nano X. The feature is now available to all Ledger Nano X users. According to previous news, Ledger CEO Pascal Gauthier said in September that its private key recovery service (Ledger Recover) plans to go online by the end of the year. In May of this year, Ledger planned to split the mnemonic phrase into three shards shared by Ledger and two other security companies, Coincover and EscrowTech, to help users recover their private keys, which was strongly opposed by users.