It's not like that. I worked with some pioneers in the space who collected millions from the very early days and were within their rights to use those funds as

It's not like that. I worked with some pioneers in the space who collected millions from the very early days and were within their rights to use those funds as they saw fit but they were coerced/forced into creating non-profit entities to hold the funds (the fact that they were forced was common knowledge at the time it happened) and then they started pouring money down the drain, actively preventing development of the tech and slandering/defaming anyone who tried to improve things. It culminated in them essentially redirecting all raised development funds towards their biggest competitor! This is all public info BTW and could easily be proved in court... Great, if you aren't worried about 'hidden' ramifications! Anyway, all this was done with the explicit approval of government entities. I saw all this happen in real time. Also, one telltale sign is that they were allowed to get away with stuff which I later learned would have been in violation of regulations. This was a very high profile project that reached 3 billion+ market cap. It didn't fall under the radar. The government knew the whole time and was involved in all decisions. I also saw some scam projects receive repeat funding from EU government entities in spite of having failed to deliver anything. Then they raised more funds for later projects.