No, he raised enough money to say fuck you and ran
Discussion
Are you claiming they stole money? That doesnโt appear to be the case. Even investors such as nostr:npub1rtlqca8r6auyaw5n5h3l5422dm4sry5dzfee4696fqe8s6qgudks7djtfs have come out and said they donโt think anything shady happened. So no money appears to have been misappropriated. They gave very advanced notice that itโs shutting down so you can take out your money easily, and no users got rugged. They transparently described many struggles theyโve had along the way, both in blog posts and in podcasts. Hence how I know not have covenants is/was frustrating.