This screams scam all over. The devs can just pull the money out of the contract and be done with it. No way to trace them since they are anonymous.
The funds from the first Hackathon were withdrawn by the Admin using the coldStore function.
The withdraw was possible because there werent any liabilities on the contract such as Token redeem and win payouts. There werent any wins to pay out because the players were able to claim the wins after a given time period, they werent the lottery winners right after the lottery draw. At the moment of the Admin withdraw there were no wins to pay. So no, you are not right dude.