I trust personally trust them but if you don't, you can self host the sync server if I'm not mistaken.
this post was submitted on 20 Jun 2023
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The data is encrypted, so not even Mozilla can see the data you sync, and Mozilla is also generally pretty trustworthy, so in terms of privacy, its fine.
For passwords, its probably not as secure as trusted dedicated password managers like Bitwarden. I just use Firefox for syncing bookmarks and sometimes tabs, and Bitwarden for passwords and things like that.