Considering the documents on the FAQ page of Ledger Recovery and how Ledger is replying on Twitter, I would say that o_e_l_e_o is exactly right regarding how the process will be deployed. What amazes me is the fact that Ledger is totally silent when faced with the fact[1][2][3] - or flaw - that is being able to restore your encrypted shards on any device. Do they consider their clients that ignorant regarding how seed phrases work? I should also note that Ledger Nano S will eventually[4] receive this "awesome" feature, per reply on their Reddit page.
Considering the way Mr. Pascal performed in the video that was linked in one of my previous posts, he obviously considers his clients ignorant and incapable of making an adequate backup, in other words, he positions himself in the same position as the famous CZ who claims that 99% of users in the crypto world are not intelligent enough to be their own bank.
As a side note, I am still amazed by the fact that they imploded their company and lost the loyalty of their clients for $9.99 per month...
Ledger (Pascal) also claims in the video that given the situation, they did not notice any drop in sales of their devices, and that this did not even happen after the famous Ledger leak of hundreds of thousands of user data, which he personally considers a trivial event.
Ledger claims it now stores more than 20% of the world's cryptocurrencies and 30% of the world's NFTs.
Not sure about the statement, how do you come to conclusion like that with hardware wallet?
Either it's a simple fabrication, or Ledger knows exactly how much someone has on their devices, which means that they log all the data from the device every time such a device is online. I would say that it is the latter, and considering the company's reputation, I would not be surprised if they share (sell) this data to anyone who is interested in it.