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When the lightning node or swap service goes down, you should be able to recover using the open source tool, no?

I agree with the last point - there is a risk with them being able to log user metadata.

Depends on when was the latest submarine swap. Usually happens after doing a big tx where they can take fees to do that.

Best case scenario only 1% of funds haven't been swapped yet. Worse case scenario 100% of funds haven't been swapped yet.

Temporary trust is still trust.

https://github.com/muun/recovery/issues/5#issuecomment-913634222

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