So now we'll be cloggin the mempool with user fleeing from the #ledger hardware wallets?

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If over 10% of Ledger users had any sense we will.

There’s no requirement to update your firmware is there?

There will be, sooner or later. You have to upgrade due to Windows/OS's security patches etc. It'll slip in.

fact

What will the new firmware do?

Enable a new ledger recovery service. The question is if the seed can leave your device which is supposed to not be possible and they are also pushing KYC even more than before as it's a pre req for their new service.

Thats the plan