There’s always some trust involved when using Ledger hardware wallets since their firmware is closed source, their hardware is closed source, the secure elements they use are closed source, etc.
Ledger’s new recovery service, Ledger Recover, involves exporting the seed from a hardware wallet and storing it in an encrypted, sharded form at several custodial companies. Ledger if facing criticism for this since they’ve previously stated that a firmware update couldn’t allow the seed to be exported from a hardware wallet.
I personally don’t recommend anyone use Ledger’s recovery service since it appears to use the same key to decrypt everyone’s seeds based on this comment.
