My thinking is evolving here... these blended custody models are making less sense, especially when the signatories are opaque (nobody knows who was running the liquid federation its not public knowledge). Either do full self custody and do it right (geographically distributed multisig set up in a clean environment on dedicated hardware with self installed Bitcoin Core)...or opt for a trusted & KNOWN custodian and diversify your risk (both in terms of custodians & in terms of your assets). You either have to be an all in Bitcoin Maximalist or you embrace securitized Bitcoin and make it a reasonable portion of your financial portfolio. I'm still a strong advocate for the former of course, but if you don't do it right you're better off with the latter. Securitized Bitcoin will eventually rugged too, but at least you get some legal protections and the custodian has to stake their reputation to earn your business. It would simply be irresponsible to be a full send, all in on Bitcoin type of person if you're not properly self custodying true spot Bitcoin. Not everyone gets to be self sovereign.