Considering Buying a Ledger Wallet? This is a must-read.

Ledger recently discovered a malicious version of the Ledger Connect Kit and took immediate action to remove it from circulation.

The Ledger Connect Kit is an essential component for users interacting with decentralized applications (dApps). To counter the threat, Ledger replaced the malicious file with a new version, version 1.1.8.

Key Insights for Ledger Buyers

In response to the incident, Ledger has advised users not to interact with any decentralized applications (dApps) temporarily. This cautious approach aims to prevent any potential risks associated with the earlier identified malicious version of the Ledger Connect Kit.

To address the issue, Ledger quickly released the genuine version 1.1.8 of the Ledger Connect Kit. This authentic version is now being propagated to users. Providing a secure and trustworthy solution for interacting with dApps.

As an additional safety measure, Ledger recommends users wait for 24 hours before using the Ledger Connect Kit again. This waiting period allows for the widespread distribution and installation of the genuine version. Ensuring a comprehensive and secure update for all users.

Ledger Wants to Know Your Crypto Movements?

This is not the only thing that happened with Ledger. Some days ago, some people detected that Ledger Live includes user trackers in every file. This proves that Ledger knows and openly communicates that they track every click you make on Ledger Live and transmit to Ledger’s servers.

Ledger’s approach to user tracking aims to gather data on user interactions with Ledger Live. By understanding user behavior, Ledger can enhance the user experience, identify potential issues, and continuously improve the software.

While Ledger’s tracking approach may raise concerns for some users, it’s essential to recognize that Ledger is transparent about tracking and provides users with the ability to control their data. Users can choose whether to participate in data sharing by adjusting their settings within the Ledger Live application.

The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.


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