The beef got worst when the SeedSigner guy went on Twitter Spaces to talk about how Coinkite as a business was not profitable

A bit after that, Coinkite announced that they had raised VC funding for the first time ever, thereby further confirming that they were indeed in a dire position

Then they got lucky with Ledger’s backdoor, but even that is not enough given the fierce competition and their inability to grow

If you don’t grow, you die