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And all your traffic would be watched and monitored by an US American company which already has access to vast amounts of your internet browsing behaviour.

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Yes, that’s the downside. But if you run Pangolin on a VPS, there is no downside in that respect: in both cases a cloud provider has access.

Authentik behind Caddy does that too.

Not sure if Pangolin works this way, but in general it's possible to run tunnels end to end encrypted.

OP told that was already using Cloudflare.

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