I won't mind having a Ledger hardware wallet if they pay me $9.99 monthly for the next 20 months  . I will share my seed phrase with them, but I won't share my identity. I mean, this is not a bad business Idea. I can buy a ledger nano x for $149 at my place, and if I get $10 monthly for the next 20 months, I will have $50 in profits after 20 months. Sounds great. I won't pay them a single penny even if they offer me a free hardware wallet right now. Sometimes companies ruin their user's trust, and it's impossible to build again.

They were criticized after the 3rd party seed phrase drama. But does anybody see any comment from them about this matter? The only thing I found is this; Pascal Gauthier, Ledger’s CEO and chairman, pushed back against the critiques on Twitter.

“Backdoor would mean that we control all ledger devices and could run automated updates for example… That’s not the case. Will never be the case. Only you can use functions on your ledger. No one else can enter your pin code and press those buttons…”^[1]

However, CZ criticized them as well [2]

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[1] https://dailyhodl.com/2023/05/18/crypto-hardware-wallet-ledger-responds-to-criticism-of-new-id-based-seed-phrase-recovery-solution/
[2] https://twitter.com/cz_binance/status/1658453341339283457