as such is limited to at-best a 1-of-n security model (where n is a permissioned group of arbitrary size)
Worth noting: bitvm can also work in a security model where each sidechain user has a direct contract with a bridge operator and thus does not need to trust him or her. In this case the 1-of-N is a 1-of-2 and the user is among the 2, consequently the user only needs to trust themselves (and bitcoin's standard trust assumptions, e.g. they must assume miners are not censoring them).