Most people invested in this because of a big name "Tim Draper" investing in this. I remember visiting the website and thinking that if they can't be bothered to pay $50 for a wordpress theme, that they are not worth investing in. The website looked like a joke. I'm not sure how people poured over 200 million into this con.
They deserve to be sued, and to be honest, most of the investors who threw money into this deserved to get swindled. How do you invest 200 million into a company with no product, no development plan, no business plan, and almost no website?
Well, nowadays people throw money at anything that has ICO written on their website and the more hype around an ICO, the more people jump in. People don't do any research of what or where they are putting money in. I think most of the investors were thinking that the names around this ICO were going to pump this token to the moon. Look at Ethconnect. It's a Bitconnect copy cat and they don't even have a functional website or any kind of support and people are just pouring money into that! Crypto is a booming market and more money is coming in so I guess anyone that want to get rich quick just needs to make an ICO and it's a insta get rich quick scheme without the need of any product but a website.