Wow you missed the whole shit show for real?
Lets give you a run down.
They begged for delegated sp from ned, whilst floating a blockchain idea in China, they got over $20 million in funding yet kept that quiet.
They then used the sp, made a shit load of money and announced they did not like the whole steem system, said it was more or less only whales that can win, told everyone to f off and left.
They also promoted their new crypto blockchain whilst stating how bad they thought steemit was, and ran off with everyone's video to their own block.

THE end.