Ledger Confines it’s Responsibility Parameters – Says Not Accountable for Any Services Loss

Steve Anderrson
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain. Join the official channel of thecoinrepublic, For the latest news updates: https://t.me/thecoinrepublic
Ledger Confines it's Responsibility Parameters - Says Not Accountable for Any Services Loss

 

  • Ledger presents it’s terms of service for using Ledger Live platform, interestingly the terms have limited the responsibility for the Ledger team. 
  • The right to change, amend or modify the terms whenever and however desired is with the  Ledger team. 

Ledger presents it’s terms of service for using Ledger Live platform, interestingly the terms have limited the responsibility for the Ledger team. 

If any team has initiated a service to store, send or receive the transmissions or data, then it must be answerable for any error or failure associated with the transfer. On the contrary, the notice claims that it shall not be responsible for any such failure which includes 

” Deletion of, corruption of, or failure to store and send or receive your translations or data on or through the service.”

The terms state that any service change or cessation or suspension of the service; it leads to any loss; the team is not accountable for the same. If any feature of the platform had closed officially, then the team must come across some other protective measures such as bocking so that the users are not trapped just for want of the latest information. 

It lays out certain conditions for the “intangible” losses, which include ” The inability to use the services,” the team if has updated some features. It becomes its responsibility to share enough details with the users enabling them to understand the platform. But it says 

Annotation 2019-12-19 134154

This puts a big question on the security arrangements offered by Ledger. This ” pulling back” from the most prominent responsibilities is not going to be very healthy for the users. It shows that either Ledger does not believe it’s own security arrangements or is trying to run only a platform that is more inclined towards profit than service. 

If it comes to the termination policy, the notification says 

” We reserve the right to suspend your access to Ledger Services without notice if we believe you violated these terms.” The right to change, amend or modify the terms whenever and however desired is with the  Ledger team. 

The experimental features declared by the Ledger also sounds to be highly non-supportive and with “heightened risks.” It claims that some of the features termed as innovative features not tested and incomplete.

” These features may not be complete and have not been fully tested, which may present heightened risks.”

So here, the platform which needs to assure protection claims that its features.

“may contain errors or inaccuracies that could cause failures, corruption, or loss of data and information.”

The updated terms and conditions of ledger live is somehow creating the uncertainity with the security of funds stored in Ledger’s wallet.

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