A privacy advocate has recently exposed the fact that popular Bitcoin and cryptocurrency storage company Ledger Live is tracking its users’ data and network activity, prompting fresh concerns about user privacy and data security. According to the privacy advocate, Ledger Live is employing scripts that track a range of user data, including IP addresses, location data, device and browser type, cryptocurrency wallet usage, and more. The advocate, who is anonymous, pointed out that this type of data collection raises a number of privacy issues, given that it amounts to a comprehensive picture of the user’s online activities.
The Advocate reported their findings to the French privacy regulator, the Commission Nationale de l’Informatique et des Libertés (CNIL). In response, Ledger Live announced that they had taken steps to address the issue and had informed CNIL of the changes they had made. Ledger issued a statement saying that they had updated their policies to outline their data-handling practices, and also released a privacy notice for users to inform them of what data was being collected and how it was being used. The company also revealed that they had disabled the scripts that were collecting sensitive user data.
Ledger’s actions have been praised by the advocate, who noted that this could set a positive precedent for other cryptocurrency companies. The incident serves as a reminder of the importance of privacy in the cryptocurrency industry, and the need for companies to take proactive steps to ensure that customer data is secured, and their privacy is respected.
