It is a Fact!
The bitches have the/ your money and have no intent to develop their projects: A registered office with a few tweets that are are BS.
Cardano is about the only project that is genuine!
Good luck if you believe your project is genuine!
Not only Cardano, there are many good projects whose teams continue development even now, when the market is totally abandoned. But, yeah, most of the projects, especially the small ones, couldn't withstand this dump and simply died.