Any custodian is ruggable, but the fact that Primal uses Strike as its wallet provider/custodian gives me MUCH more confidence that it’s less likely to be rugged than some random cashu mint. Possible? Yes. Likely? No, as Strike would have to be willing to nuke its reputation to do so.

Strike need only comply with government order to do so, reputation be damned. Something I attribute less likely to happen to a smaller mint. Smaller mint is smaller liquidity but same reputation risk.