Why does this community hate on Ledger? Are they fundamentally untrustworthy?

I’ve been going deeper down the rabbit hole lately and have noticed a recurring trend here: a lot of people really dislike Ledger wallets.

From what I can tell:

• Ledger has been around for a long time and has a solid track record overall.

• Pascal (the CEO) seems like he genuinely cares about the mission and doesn’t come off like a scammy web3 grifter.

• Their chips go through 3rd-party testing (e.g., ANSSI in France) and have received Common Criteria certifications.

• The ecosystem seems pretty polished and user-friendly, especially for newcomers.