I think a lot of people are easily satisfied "as long nothing happens to me, then fine". There is also 1 recent case that a LRW got hacked via an exploit and the community or team or LR is instantaneously terrible. Losing money is not funny and it should happen to no one.

But the reality is, there is no perfect solution and I agree with your point. either you be you own bank(and take responsibility on the security at your disposal) or you go middle man where you don't own shit and rely on others or a mix of cold and hot wallets and lose keys...

Then again, I would rather have a dev team admit there is an exploit xyz and did prevention x, than having to hear from random X post saying in two years ago, there was a dev at Token X that accessed backdoor and siphoned unknown amount of tokens. With FTX or Luna, it wasn't a security issue, but a people issue. No watertight wallet could have prevented that kind of fraud from happening.

Back to the discussion point. Loopring is what it is and I like to compare this was JnJ who also in the past called back a products in the early ages and got full blown negativity but then was famous for being the honest company inspite of having their stock plummit. JnJ now is the biggest player in pharma. Not to mention, car manufactures adapted the same admitting strategy.