So you're saying the funds are stored in Liquid and only shown as BTC? That would be really terrible and very dishonestly promoted
It’s a Liquid wallet but they call it “self-custody”. Yes it has an option to withdraw to chain but come on… https://x.com/bullbitcoin_/status/1979202192075616348
Discussion
Read the tweet and their screenshot - they describe it as “a self-custodial…wallet” and while they do allow for self-custody (much better than most other Liquid wallets!) they just label the liquid balance as “Instant Payments (Liquid and Lightning)”. They don’t actually support Lightning, of course, only swaps. It’s not clear at all from any of their marketing or UI that this balance is, in fact, not self-custody.