@MoneroIsTheFuture @erc ErC is right about operators being able to steal funds, but that doesn't mean they will actually do it. Operators risk their reputations, and I think unlike DNMs they can't make a lot of money from an exit scam. So this approach might actually work reasonably well.
>illegal
Even if it is not illegal today, it will be in a couple of years. Why even care, lol