Ledger has introduced an offline tool for private key recovery, enhancing security for its hardware wallet users. The Ledger Recovery Key allows users to regain access to their crypto wallets without cloud services or personal data, specifically designed for Ledger Flex and Ledger Stax users. This tool stores private keys on a smart card with NFC connection, operating offline without identity verification. It is protected by a PIN and connects securely to Ledger devices via NFC. The open-sourced application has been security tested by Donjon and audited by Synacktiv, receiving positive feedback from security experts.