As if you get privacy with the inference providers available today? I have more trust in a randomly selected machine on a decentralized network not being compromised than in a centralized provider like OpenAI pinky promising not to read your chats.
I would say the chances of OpenAI itself getting hacked and your secrets in logs getting leaked are about the same or less as the chances of a randomly selected machine on a decentralized network being reverse-engineered by a determined hacker. There's no risk-free option, every provider comes with risks. If you care about infosec you have to do frequent secret rotation anyway.