Your funds are safu. It never leaves the device. Except with a simple update they can now extract your whole seed.

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sEcUrE ElEMenT

🥲🥲

I'm not defending ledger and their policy. I'm just saying as he didn't update I have no reason to assume seed phrases are compromised at this point. I highly recommend not using ledger live software anyways tho.

We assume it needs the update, but I'm starting to doubt that.

Probably backdoor prepared that can be activated on an update. Dunno why else they would want to push the update to everybody.