yeah, i've seen this with my fiat mine job too, and i feel like the boss takes on managing too many things, and he hired this CTO who never talks to anyone, so idk how much she's being paid or what she is doing around any other things but it looks like, too much, and nothing, respectively.
there is often a big problem in many organisations related to people who abuse trust. my junior colleague, who was the second recommendation from the guy who put me in touch with my boss, worked a lot less hours than he put on his time sheet, and after about 6 months he went crazy with it and didn't get paid and not long after, was fired.
idk what this CTO is doing but i know among the people i communicate with regularly who is serious and who is not so serious.
i mainly just wish the boss would stop looking at all the ooh shiny on X about shitcoin projects and focus on something. he might be doing that now, but i'm not sure he needed to hire another Go dev for the task, i looked at the first draft of the project design and i felt like it was a month of full time work for me, at absolute most, and he'd allowed 4-6 weeks.
incompetence is rife out there in the world. also, fraud. and also, some kind of tacit corruption that people just brush away and play along anyway.
if the system wasn't so rotten already, i doubt the corrupt and fraudulent people would be in business anymore. they survive on the inflation going into VC projects, and wouldn't exist if projects were funded by hard money.