Technical question about this update since I just receive this notification about firmware update for ledger recovery. Will my ledger will be safe if I don't update my firmware to current latest version? I’m thinking that my ledger will stay as is which ledger doesn't have the ability to recover my seed phrase if I didn't install the latest firmware which they implements this recovery feature.

Their recovery feature sucks because they charge fee for an extra centralized service which defeat the purpose of hardware wallet.