Your answer summarizes all the points I wanted to clarify. Thank you.
To clarify also it was made by independent developer named Victor Viktor Radchenko and was purchased by binance later on. Before completing the purchase, it was open source and had an announcement thread on the forum. I forgot where i saved the link to that thread and searched for it, but found nothing.
I also never recommend using it as a main wallet but it may be useful for Binance users who can link their accounts on the platform to that wallet.