I'm confused. Is that when you have their "Ledger Seed Recovery" service on? OR the seed could still be broadcasted to Ledger's servers even if the service is OFF?
That's a serious issue.
That's just the thing, we don't know. What we do know is that they have said things that have turned out to be false before. Seed extraction code is embedded in all firmware on their new devices. No one can check how long it's been there because the code is not public. You can only choose to trust what they say is true. And let me remind you that Ledger has been saying that your keys can never leave the secure element. Turns out that they can easily be extracted with a few lines of code.
They have talked about making Ledger Recover or some parts of it open-source. That hasn't happened. Instead, they have released a second backup system, but this time as a physical card.
The entire idea behind Ledger Recover is for law enforcement to have a backdoor to your wallet. Shards of your seed are in the hands of different companies. If law enforcement needs Ledger to freeze your crypto, all they have to do is ask. Since everything is closed-source, there is no way of knowing if this freezing feature is possible against everyone running the latest Ledger firmware or if it's exclusive to those who have signed up and paid for Ledger Recover.
