This x1000. I do not believe that the Ledger team do not understand the difference between KYC on a centralized exchange where you already have zero privacy and zero security and are well aware the centralized exchange has complete control of your coins and is monitoring everything you do, versus KYC on a hardware wallet where the vast majority of people are going to want complete security and a reasonable amount of privacy. The vast majority of people do not want their hardware wallet addresses KYCed or their wallets linked to their real identity and that information shared with blockchain analysis companies, governments, and whoever else pays for the data.

I'm sure Ledger know this, but are being deliberately misleading in the defense of their new vulnerability feature.