It is indeed sad to hear that an 11 year old swap is getting closed because of authority bullying.
I don't think the service is 11 years old, or at least as we know it as a privacy-focused service. The first archived screenshots of the service I found were from 2022[1][2], so I'm guessing the service is less than three years old.
It seems that forum advertising is too strong to generate all this buzz.