At some intelligence capability there can be catastrophic risk, the fact that we don't yet have any catastrophe doesn't mean the risk wasn't real. It's similar to new viruses which don't lead to outbreaks, the correct takeaway isn't "oh you were insane to panic bc nothing happened". There is small risk (and increasing) of huge harms with each improvement
The risk wasn't real because we now have access to the model and can see with our own eyes how this model could never have posed a risk to begin with.