What happens to my crypto assets on a hardware wallet if the company that made the device goes out of business?
Fan-out diagram
Seed → topic clusters → sub-queries, per model.
Badge and edge weight = share of passes that produced the query. Hover a query for its intent and routing format.
Query classes
Google's semantic query class for every sub-query: what kind of answer each search is after, simulated vs real.
Classes come from the query-classifier (a local Laya model). 20 of 33 calls are low-confidence (under 50%) — hover a query in the table to see its confidence.
What the models actually searched
Each model answered the query with its own web search. These are the searches it ran, matched to the closest simulated query.
- Trezor FAQs: Common Questions and Answers · trezor.io
- What if Ledger Goes Out of Business? · ledger.com
- What happens if Exodus goes out of business? · exodus.com
Semantic map
Every query placed by meaning (EmbeddingGemma 2, 256-d). Shaded regions are topics, nearby points are near-paraphrases, and a circle's size is how often the query came back.
Queries
| Query / type | Search | Intent | Query class | Routing format | Cluster | Freq ↓ | Weight |
|---|---|---|---|---|---|---|---|
ledger or trezor company bankruptcy crypto safety REFORMULATION | Google ↗ AI Mode ↗ | Understand if cryptocurrency stored on popular hardware wallets remains safe if the manufacturer goes bankrupt. | Other / navigational | web_article | brand specific bankruptcy safety | 1x of 3 | |
what happens to cryptocurrency on hardware wallet if company shuts down REFORMULATION | Google ↗ AI Mode ↗ | Understand the direct impact on cryptocurrency funds if the hardware wallet manufacturer ceases operations. | Consequence | web_article | manufacturer shutdown impact and recove… | 1x of 3 | |
what happens to crypto on hardware wallet if company goes bankrupt REFORMULATION | Google ↗ AI Mode ↗ | Understand the direct financial and technical impact on funds if a hardware wallet manufacturer shuts down. | Consequence | web_article | manufacturer shutdown impact and recove… | 1x of 3 | |
how to recover crypto from hardware wallet without manufacturer software IMPLICIT | Google ↗ AI Mode ↗ | Learn the manual process of accessing funds using seed phrases independently of company apps. | Instruction | how_to_steps | recovering funds using seed phrase | 1x of 3 | |
are my crypto funds safe if ledger or trezor goes bankrupt ENTITY EXPANSION | Google ↗ AI Mode ↗ | Know specifically if major industry brands going bankrupt poses a risk to stored digital assets. | Consequence | faq_page | brand specific bankruptcy safety | 1x of 3 | |
are my crypto funds safe if ledger or trezor goes out of business ENTITY EXPANSION | Google ↗ AI Mode ↗ | Know specifically if major industry players failing would put specific user funds at risk. | Consequence | faq_page | brand specific bankruptcy safety | 1x of 3 | |
are my crypto private keys stored on the hardware wallet company servers RELATED | Google ↗ AI Mode ↗ | Verify whether private keys rely on cloud infrastructure managed by the wallet manufacturer. | Other / navigational | faq_page | private keys and open source firmware | 1x of 3 | |
how to recover crypto from hardware wallet using seed phrase on new device IMPLICIT | Google ↗ AI Mode ↗ | Learn the practical steps needed to access funds if the original device or its companion app becomes obsolete or unsupported. | Instruction | how_to_steps | recovering funds using seed phrase | 1x of 3 | |
how to access cryptocurrency without hardware wallet device IMPLICIT | Google ↗ AI Mode ↗ | Learn the practical steps of recovering or accessing funds if the physical device breaks or the company vanishes. | Instruction | how_to_steps | recovering funds using seed phrase | 1x of 3 | |
open source vs closed source hardware wallet company shutdown risk COMPARATIVE | Google ↗ AI Mode ↗ | Compare the risks of manufacturer failure between open-source and closed-source hardware wallets. | Comparison | comparison_table | open versus closed source risk | 1x of 3 | |
can I access my crypto without the manufacturer app RELATED | Google ↗ AI Mode ↗ | Determine if management software dependency is required to move or view crypto assets. | Other / navigational | code_samples/docs | self custody and seed independence | 1x of 3 | |
can I use recovery seed phrase on a different wallet brand RELATED | Google ↗ AI Mode ↗ | Confirm compatibility of BIP39 seed phrases across different hardware or software wallet brands. | Other / navigational | glossary/definition | recovering funds using seed phrase | 1x of 3 | |
what happens to ledger live app if ledger goes out of business ENTITY EXPANSION | Google ↗ AI Mode ↗ | Determine the operational status of specific companion software like Ledger Live if the company ceases operations. | Consequence | web_article | companion app shutdown effects | 1x of 3 | |
hardware wallet vs software wallet safety if company closes COMPARATIVE | Google ↗ AI Mode ↗ | Compare the vulnerability of hardware wallets versus software or custodial wallets during company insolvency. | Comparison | comparison_table | open versus closed source risk | 1x of 3 | |
software wallet vs hardware wallet security if company shuts down COMPARATIVE | Google ↗ AI Mode ↗ | Compare the risks of company bankruptcy between custodial services, software wallets, and hardware wallets. | Comparison | comparison_table | open versus closed source risk | 1x of 3 | |
best hardware wallets with open source firmware for long term storage PERSONALIZED | Google ↗ AI Mode ↗ | Find hardware wallet options that minimize company dependency risk for long-term holding. | Comparison | buyers_guide | private keys and open source firmware | 1x of 3 | |
im a beginner holding crypto on a hardware device worried about company bankruptcy PERSONALIZED | Google ↗ AI Mode ↗ | Find reassuring, easy-to-understand guidance tailored to a beginner holding long-term investments. | Consequence | buyers_guide | beginner worries about company bankrupt… | 1x of 3 | |
I am a beginner crypto investor worried about hardware company bankruptcy PERSONALIZED | Google ↗ AI Mode ↗ | Seek reassuring, beginner-friendly advice on long-term cold storage safety. | Other / navigational | buyers_guide | beginner worries about company bankrupt… | 1x of 3 | |
can I use bip39 seed phrase on a different brand hardware wallet REFORMULATION | Google ↗ AI Mode ↗ | Confirm compatibility of standard recovery phrases across different hardware wallet manufacturers. | Comparison | faq_page | self custody and seed independence | 1x of 3 | |
where are cryptocurrency private keys stored on a hardware wallet REFORMULATION | Google ↗ AI Mode ↗ | Understand that private keys exist on the blockchain and the device only signs transactions. | Other / navigational | glossary/definition | private keys and open source firmware | 1x of 3 | |
what happens to ledger live app if ledger company closes RELATED | Google ↗ AI Mode ↗ | Understand whether companion desktop and mobile apps will still function or let users view balances. | Consequence | forum/qna | companion app shutdown effects | 1x of 3 | |
crypto wallet company bankruptcy legal asset ownership RELATED | Google ↗ AI Mode ↗ | Understand legal ownership rights of crypto assets held via third-party custody or hardware devices during liquidation. | Reason | pdf_whitepaper | brand specific bankruptcy safety | 1x of 3 | |
what happens to ledger live app if company goes out of business ENTITY EXPANSION | Google ↗ AI Mode ↗ | Find out if companion apps will stop working or can no longer broadcast transactions. | Consequence | forum/qna | companion app shutdown effects | 1x of 3 | |
are cryptocurrency private keys stored on company servers IMPLICIT | Google ↗ AI Mode ↗ | Verify that private keys are self-custodied on the device and not on corporate cloud servers. | Reason | web_article | private keys and open source firmware | 1x of 3 | |
what is a seed phrase and how does it protect crypto independent of companies ENTITY EXPANSION | Google ↗ AI Mode ↗ | Learn the foundational cryptography behind seed phrases and self-sovereignty. | Reason | glossary/definition | self custody and seed independence | 1x of 3 | |
open source vs closed source hardware wallet company bankruptcy risk RELATED | Google ↗ AI Mode ↗ | Discover if open-source firmware provides better survival chances if the maker disappears. | Comparison | pdf_whitepaper | open versus closed source risk | 1x of 3 | |
open source hardware wallet vs closed source company bankruptcy risk COMPARATIVE | Google ↗ AI Mode ↗ | Evaluate if open-source devices offer better survival chances if the original maker disappears. | Comparison | comparison_table | open versus closed source risk | 1x of 3 | |
community reaction and third party support when hardware wallet shuts down IMPLICIT | Google ↗ AI Mode ↗ | Find historical examples or community discussions regarding defunct crypto hardware companies. | Consequence | forum/qna | manufacturer shutdown impact and recove… | 1x of 3 | |
can dead hardware wallet still sign transactions IMPLICIT | Google ↗ AI Mode ↗ | Learn whether a physically broken or unsupported device can still be used for signing. | Yes / no | product_spec_sheet | manufacturer shutdown impact and recove… | 1x of 3 | |
how to recover metamask or electrum using hardware wallet seed phrase REFORMULATION | Google ↗ AI Mode ↗ | Find technical instructions on importing a hardware seed phrase into alternative software wallets. | Instruction | code_samples/docs | recovering funds using seed phrase | 1x of 3 | |
what is self custody crypto ownership definition RELATED | Google ↗ AI Mode ↗ | Grasp the core legal and technical definition of owning one's own crypto keys. | Definition | glossary/definition | self custody and seed independence | 1x of 3 | |
best hardware wallets with open source firmware 2026 ENTITY EXPANSION | Google ↗ AI Mode ↗ | Find alternative hardware wallet brands that have community-backed resilience against corporate failure. | Comparison | review_roundup | private keys and open source firmware | 1x of 3 |
Passes
Does another pass still surface new queries? A flattening curve means the fan-out has stabilised.
| Model | Pass | Target | Generated | Seconds | Tokens (in / out) | Notes |
|---|---|---|---|---|---|---|
| gemini-3.5-flash-lite | 1 | 10 | 10 | — | 917 / 1,211 | |
| gemini-3.5-flash-lite | 2 | 10 | 10 | — | 917 / 1,245 | |
| gemini-3.5-flash-lite | 3 | 12 | 12 | — | 917 / 1,432 |