Ledger has just announced to the world that their devices contain a backdoor allowing the private keys to be accessed from any device it's connected to.

A backdoor is a backdoor. It exists whether you turn the stupid "upload your private keys to AWS and give us KYC" erm... "feature" on or not. Either way this is a new attack vector that renders the entire point of owning a cold wallet utterly useless.

For all intents and purposes a Ledger is not cold storage. You might as well just keep your private keys on a USB stick. Same security.

I kinda started to suspect Ledger were becoming 🤡🤡🤡 with that chain and all the product placement in rap videos hence buying a Trezor.

My hunch was right. Moving 100% of my on-chain BTC to the Trezor now. Nothing on Ledgers.