Ledger hardware wallets hit by the FTX earthquake — CTO

Hardware-based cryptocurrency wallet provider Ledger has experienced some issues due to massive outflows from crypto exchanges amid the FTX bloodbath, according to its chief technology officer.saw a “massive usage” of their platforms and suffered a “few scalability challenges” on Nov. 9, Ledger chief technology officer Charles GuillemetGuillemet reasoned Ledger’s issues by the outcomes of the ongoing crisis of a major global cryptocurrency exchange, FTX.

“​​​​After the FTX earthquake, there’s a massive outflow from exchanges to Ledger security and self sovereignty solutions.”reported the wallet issues on Nov. 9 at around 11:00 pm UTC, officially announcing that its hardware wallet interface application Ledger Live was experiencing downgraded server performance.

“Specific issues may vary, including connecting to the My Ledger tab and performing a Genuine Check,” Ledger said in a tweet, adding that the client’s assets were safe.that it fixed the server outage about one hour after detecting the issue. “Our server outage has been resolved and all systems are operational,” Ledger said, adding that their server outage was resolved and all systems were operational.

A reminder to take your bitcoins out of exchanges. I took mine today.

Why would you use ledger live? Ledger is compatible with every software out there.

Remember they are not affected if you use “Legacy” wallets loaded onto your Nano X (S)…. These are LedgerLive interfaced wallets. Nevertheless your funds are safe whatever happens. Ledger DON’T hold your funds your Hardware does. 😉

jfc re_tweet i understand your ire better now

Any ledger owner reading this not alarmed?

Lovely

This is misleading for those interested in cold storage. The hardware wallet works fine, it’s the app that struggled, which isn’t necessary for cold storage functionality.

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Ledger hardware wallets hit by the FTX earthquake, CTO saysCold wallet provider Ledger has resolved server issues of its Ledger Live app that caused users to be unable to withdraw funds from the wallet on Wednesday. So our money/crypto is safe no where? Another scammer. Always when you need withdraw your funds they have a problem. Does anyone know why or how to fix the desktop app when it will not load up its window? For me, now it is only displaying its icon on the taskbar of windows 11. This problem has started after an uninstall and reinstall of the app.
Source: Cointelegraph - 🏆 562. / 51 Read more »