It's news from 2023. It's nice to see a formal paper covering it. It lacks a comparison to other apps to judge about it. Is it good compared to other servers that only that information is in plain text or is whatsapp better than matrix in that regard?
And does it actually matter? What is important to encrypt?
It's strange that the server shares the IP to other servers. That's not really useful for another server.
This research presents the first comprehensive forensic examination
of Matrix's server-side artifacts, specifically focusing on the Synapse
Homeserver implementation across 175 database tables and structured
log entries.
Although much research has explored encrypted messaging apps like
Signal, WhatsApp, Telegram, and iMessage, little attention has been
paid to the Matrix protocol and its self-deployable server application,
Synapse.