I wonder what would have happened if Ledger hardware wallet company belongs to someone like Sam, just imagine, this type of man could have leave a backdoor in the whole hardware system and catered away with users' funds.
Don't imagine, verify. Don't use closed-source software. Don't buy a Ledger. You can't argue that it's secure, not only because you have to trust their intentions, but because you have to trust this small dev team's developing skills-- given a history full of breaches of that trust, I would absolutely avoid it.
They might have left a backdoor, they might haven't but have a 0-day. In any case, people should move to transparent software as soon as possible.
The topic is not referring to me, I know the difference between a closed source wallet and a open-source wallet.
I know that many people are using closed source hardware wallets, thinking it's safer, the topic is referring to such people.
Many don't know the difference, they don't know the danger that's lurking around Ledger wallet and other closed source wallet, right now some are still buying Ledger, I am just using the FTX drama as an example of what may happen to closed source wallet one day.
