Wallet is garbage, way too flaky to reliably send chunks of money - the one they list on the website is V1 - a old wallet - also this forum they haven't even bothered to update people with the new wallet. All around - lazy devs, people will not adopt this centralized garbage especially if the basic wallet cant even function right. If it gets tagged as a security - atleast in the US the SEC could involve requirements for registration and disclosure, including information about the issuer and management, to protect investors.
Well we can't say the devs are lazy, if they managed to develop a new wallet, we could say about them that they are lazy if they wouldn't made anything.
I think they just lack a community manager, or marketing manager to handle all their social media and threads like this one.