https://void.cat/d/Y8MhmyM6yjVcknSpcxQBX.webp

This statement from Ledger themselves is "common knowledge" and the reason many people did prefer using hardware wallets with "secure elements" such as Ledger.

Now their latest feature revealed to many that they lied and they simply state the opposite:

https://void.cat/d/57LzPw5JLAt8tqDpxKFm5G.webp

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Discussion

It ultimately comes down to **you have to trust Ledger** which in combination with **Ledger lied** and **Ledger lost all user data** isn't such a great option.