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Ledger Draws Criticism for $10 Fee on New Multisig Wallet App
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Ledger’s new Multisig app sparked backlash after adding a US$10 transaction fee, overshadowing its technical improvements and raising user concerns over transparency and costs.
Crypto-hardware provider Ledger faced strong pushback after launching its upgraded Multisig application with an added US$10 transaction fee per use. The update promises improved transaction verification and advanced recovery options but angered users who viewed the fee as exploitative. Community forums flooded with complaints citing erosion of open-source principles and cost-transparency concerns. Analysts acknowledged the app’s technical enhancements, including enhanced key-sharing encryption, but warned the backlash could dent Ledger’s retail credibility. Executives have yet to clarify whether the pricing structure will be revised.