Ledger: Access your cold storage military grade hardware wallet with keys in the cloud by showing your government ID.

That is some 🤡 shit.

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Now that you put it that way 😂😂

😂😂😂

The government can basically pressure these 3 companies into reconstructing your seed. Or they could be compromised in any other way.

If you are afraid of nation state attacks, you are the low hanging fruit by having a ledger and will probably NGMI.

Game over.

Even if you don't opt-in, doesn't mean that they won't extract your seed. They certainly seem to habe this capability. They can come up with any excuse.

Blame a hacker.

mETH heads are betting that the nation state attack won't come.

It's like a KYC custodian with extra steps and costs

How does a decision like that even get past the whiteboard stage?

Security is just a marketing-term for them.