Concerns that were all dismissed when the insecure pin system was introduced because only contacts and settings were hosted, not content. ...
It's already known that users can't choose secure passwords even without UI that tries hard to encourage an insecure choice and that the rare ones that are secure are the ones that also get lost/forgotten. As a cryptosystem "user chooses and remembers a key" is known to be broken. So backup to the cloud really just means "hand to NSA with already known broken encryption".
They can, and maybe they do. We can't really verify whether their servers run only what's published on GitHub (remember the MobileCoin gap? [1]).
> What do they gain by getting it through backups?
They don't need to capture the messages through backups, but the feature is a plausible reason for the users to foot the storage bills. Maybe the donations are not enough.
[1]: https://www.androidpolice.com/2021/04/06/it-looks-like-signa...
I dont think this changes anything, in regards to a malicious(/incompetent) recipient.