... it's crazy how some cryptocurrency wallet providers lie with their services cause it somehow makes the market unhealthy.
Many businesses will lie to protect their interests, and that's not something that occurs solely in the hardware wallet space. Don't ever think they will put your interests in front of their own.
Ledger has conveniently not told the truth about their secure element chips because everyone thought that no data on it can be accessed online. Turns out, a piece of software code is the only thing that prevents remote access, with or without user acceptance. A different type of code could, therefore, enable online sharing of sensitive data.
Trezor is conveniently not telling the truth about the physical vulnerabilities their devices suffer from. They don't mention that to new users who purchase their HWs. Their documents explain how to set up and configure a passphrase, but not that Trezor suffers from seed extraction vulnerabilities you can't protect yourself from but can only mitigate with passphrases and or additional codes stored on SD cards.
Another is the ledger hardware wallet that just wants to destroy its reputation through its Recover service which I don't look deep into it but if the idea is good the crypto Twitter won't have backlash the ledger idea.
That's another example of a convenient lie. Ledger only talks about how the Recover feature is a great backup choice if you lose your seed. They don't explain what potential problems it introduces: sharing custody of your private keys, sending your seed over the internet, and putting yourself in a position to have your crypto confiscated by your government with a proper court order. Not to mention hacking incidents where parts or complete seed shards and decryption keys could get stolen.
