Yeah.
But could say they are bankrupt?
It may not really be a failed one but they just given up on it just before they lose all their profits from it.
It aint easy to manage one business specially with crypto which could is new to most of the people.
If you add those negativity that had been circling around it you will lose investors.
Competition is also growing so there is not much room for simple type of project.
It must be something thatt will blow them away.