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Here’s my view, only a view…
Ledger devices are closed source devices, so we have to believe what we’re told by the maker. ie we must trust the maker to do the right things by us.
They used to tell us that the seed, once set in the device, could never be extracted…
Now they tell us that they can backup the seed onto there servers after it was created. But we must agree to this and initiate it on the device, before it can be done, therefore offering protection.
This leads some to believe (me as well), if a government agency got hold of a ledger and took it to ledger, whether they could force ledger to get the seed and thus take away the crypto.
If that could be the case, the government agency could perhaps force ledger to teach them how to do this….
All the above is probably a remote possibility and therefore do we need to be concerned about it? Perhaps, if info about seed extraction became leaked…
Also recently a 3rd party picked apart the ledger live software and found it was uploading all our wallet data, balances, addresses etc etc to ledger. To me many people in crypto want privacy, this seems to go against that.