Critics warn the Ledger’s Nano S phaseout risks locking DAOs and multisig wallets reliant on legacy Nano S devices, exposing decentralized systems to single-point failure

Quotes that support claims

DAOs using multisig wallets are at risk too. 🧑‍🤝‍🧑 If even ONE signer in the group uses a Ledger Nano S, and it breaks with an update, your DAO: can’t move funds can’t vote can’t execute proposals That’s scary.

But for OGs with old vaults, rare NFTs, or multisig wallets? It’s a huge problem. If one signer can’t approve a transaction… the whole multi-sig can get stuck. Forever.