What is the status of Magisk? How to hide root?

Hello, mostly-PC person here who still doesn't understand much. I recently upgraded my old unlocked phone to an unlocked one with LineageOS (in case the Android ROM matters for this). Want to set up the most important things such as banking apps for this, and I'm hitting a knowledge block.

Back in my time, we used Magisk for customizing phone modules and most importantly for hiding root and custom ROM status from apps that demand a "Google experience". For the newer phone I wanted to do this, but I'm finding extremely conflicting information on what is the current status of Magisk and if it should be used.

On one side, Magisk seems to still exist and still to be the recommended way for installing modules on phone, and it's still available on F-Droid.

On the other one, I find verifiable information that the developer of Magisk went to work with Google of all companies, plus indications that they removed the hide root mechanic from the program and that other stuff might be removed or the software abandoned outright.

So, in light of that I thought of asking here. Is Magisk still "legit" for custom ROMs? If it's not / if it's been enshittified, what is the current way to hide root from eg.: banking apps?

Thanks in advance.