There's no need for some conspiracy.

It's a juicy story to talk about that hits a lot of checkboxes that make it viral --

  1. the hustle culture they promoted online was gross
  2. they followed the 30u30 Forbes pattern like Liz Holmes, FTX, etc. 
  3. they're a YC co, so their's plenty of popular voices supporting them

The 3rd isn't to slight the program but folks definitely slam any companies that seem to be in the moral gray area as a proof the program is nihilistic and a net negative. People like to shove mistakes in the face of "successful" folks like investors/VCs.

Finally, the security and compliance community is litigious by their nature and this startup, in general, was a net negative for a lot of people who do fractional / consulting work in security.