Re: Ledger Recovery - Send your (encrypted) recovery phrase to 3rd parties entities
This will happen to Ledger. It's just a matter of time.
Maybe not, there is a chance for them to shut down their business before that, after one co-founder was hijacked and blackmailed not long ago 
I think they are no in downtrend but people still use them in movies, recently I watched Cold Storage movie featuring ledger wallet...
Never use a hardware wallet that allows internet access to the device. No exceptions. Your keys need to be where hackers cannot reach them over the internet.
Even then it's not totally safe if you are using crap like Tangme with their stupid app that leaked keys online.Software wallet connected with hardware wallet is also important, and everything needs to be open source.