One of the Matrix developers saw fit to comment on my gist https://gist.github.com/soatok/8aef6f67fec9c702f510ee24d19ef92b?permalink_comment_id=5058644#gistcomment-5058644
In response, I actually looked at their code, identified two security vulnerabilities, and disclosed them to their security@ email.
This reaffirms the opinion I held previously.