How was HF supposed to pay for the pre-ordered devices to be built, if they didn't convert the BTC? Magical charity elves? Cargo cult ceremonies?
So if all the BTC was converted in cash to pay for pre-ordered devices, how would they ever be able to provide a USD refund?
They were never able to provide a USD refund for everyone. That was a lie from day 1 just like MPP and everything else.
Is it so hard to obtain the documents that contain the company's expenses? Because I really wonder how can they make so much money simply vanish. I refuse to think that HF spend ~40M$ on chips and board revisions and components.