They didn't raise any money, that's why. So they decided to shut everything down. Bounty group stopped working before that because they were not getting paid. It would been mainly a meme token anyway so no big loss there.
People known that as a scam project. People became even smarter this days to be careful with any projects as investment. They would be thinking for twice investing during the bearish market like this. The name is so weird along with the project itself which makes so many people take the same conclusion if this is a scam project. I would not be surprised if a scam project raised nothing from the investors. Invesotors are not blindly trusting any project to get multiplier machine for their money.
They were not so stupid. Meme token must be a thing that shall be avoided.