Are you claiming they stole money? That doesn’t appear to be the case. Even investors such as @HODL have come out and said they don’t think anything shady happened. So no money appears to have been misappropriated. They gave very advanced notice that it’s shutting down so you can take out your money easily, and no users got rugged. They transparently described many struggles they’ve had along the way, both in blog posts and in podcasts. Hence how I know not have covenants is/was frustrating.