Havenoās multi-sig trading only protects trades that have already been accepted, which is about 1% of all the liquidity. The rest, like open offers, arenāt protected and could potentially be taken or misused by the admins. So, itās confusing why some people still see Haveno as a fully self-custodial exchange, when in reality, itās more like a centralized liquidity platform.
For a more detailed understanding, please read the section about self-custodial trade funding:
https://openmonero.com/faq#self-custodial-trading-funding
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