Re: Ledger Recovery - Send your (encrypted) recovery phrase to 3rd parties entities
However, CZ criticized them as well 
He should keep his mouth shut and worry about how he will save his company, and after all, it is hypocritical of him to criticize any HW at all, because what he really wants is for everyone to use his CEX as a storage wallet. In fact, there is no difference between what Pascal thinks about Ledger HW users and what CZ thinks about the majority of those who own cryptocurrencies.
Quote from: https://decrypt.co/117214/99-people-will-lose-crypto-storing-self-custody-binance-ceo-changpeng-zhao
Binance chief Changpeng "CZ" Zhao has suggested users are more likely to lose crypto by holding it in a cold wallet than by putting it on a centralized exchange.
“For most people, for 99% of people today, asking them to hold crypto on their own, they will end up losing it,” he said in a Twitter Space discussion held on Wednesday.
“For most people, for 99% of people today, asking them to hold crypto on their own, they will end up losing it,” he said in a Twitter Space discussion held on Wednesday.