Ledger's new multisig interface sparks backlash over 'cash cow' fees

Crypto hardware wallet provider Ledger introduced a new multisig application that has been technically welcomed but heavily criticized for implementing new transaction fees. The application will charge a flat $10 fee for most transactions, excluding token transfers which incur a 0.05% variable fee, both in addition to standard blockchain network gas fees. Critics, including Ethereum developer pcaversaccio, accused Ledger of trying to create a central choke point to extract fees. Furthermore, users pointed out inconsistencies between CEO Charles Guillemet's statements suggesting Multisig is a paid service and earlier company documentation implying it was free, which Guillemet later attributed to a typo. Ledger, which claims to secure about 20% of the global crypto market by value, is facing scrutiny over monetizing features while emphasizing self-custody security.

(Source：Cointelegraph)