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Swan. They always point the finger at everyone else so no one looks at them. Their centralized custodian reliance of Prime Trust nearly rugged their users. River has a better business model for bitcoin only companies. But really it doesn’t matter where you get your bitcoin, just take self custody asap (while minimizing utxo’s) so your reliance on any centralized exchange is minimal. (Yeah I know peer to peer is better)
Wouldn't be surprised if Swan rugged. They narrowly escaped Prime Trust's magic carpet ride, then migrated everyone to Fortress, which was founded by Prime Trust's founder, Scott Purcell, and staffed with former SVB compliance officers. Very unsavory all around. As I type, they are experiencing technical difficulties with their Bitcoin purchasing portal thingy. https://www.coindesk.com/business/2023/04/25/former-signature-bank-crypto-payments-chief-four-of-his-team-join-fortress-trust/
Swan wouldn't be a surprise by any stretch. Binance can keep their ship afloat for a lot longer due to the sheer size of the shitcoin faucets they can tap in to. Both in the same week would be a decent outcome for stone cold stackers. Might be some tears shed along the way. As a sidequest... WoS pulls the mother of all LN rugs in the meantime.