/biz/ - Business & Finance

>>52458230
The private key is locked in a chip, that's what makes it a "hardware" wallet. That being said if the company was compromised they could try and trick you into signing a phoney transaction sending them your crypto to an address they control. That's why you do a test transaction first before any large transfers. Also, people would figure this out pretty quickly and you could just migrate your seed to a new wallet and the company would go bankrupt so it's not really in their interest.