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Use what data? I literally don't see the correlation with trust and racism.

Can you be clear on the kind of data a "racist VPN owner" could use against me?

Your IP if you visit websites that identify you as anti-racist or non-white. Then give that IP to a racist government like in the US.

Trump denoted Antifa as terrorists for example.

So you are saying that Mullvad founder would basically actively log people that are NOT racist and send that to the US gov, yes? Makes total sense.