@wangmangzi
Following Ledger's 2023 Recover controversy, which sparked backlash over optional seed recovery, rival Trezor reported a 900-1000% sales surge as users migrated for stronger self-custody principles.
Later incidents (2023 Connect Kit exploit, 2026 Global-e data breach) further dented Ledger's trust.
Indirectly, these events reinforced "not your keys, not your coins" among long-term BTC holders, prompting many to switch brands (e.g., to open-source alternatives), adopt multisig setups, or enhance opsec.
This diversified hardware wallet usage, boosted overall cold storage adoption, and solidified HODLing behavior by prioritizing secure, offline holding over exchange reliance—without evidence of increased selling.
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