Indeed. And they're not even pretending to keep an arms-length distance from their users' infringement; they're openly promoting it,

https://www.youtube.com/watch?v=MidugiRfHaY ("Ripping Encrypted Unreal Engine Models" | Open3DLab)

(Found via a sidebar ad on their webpage).

According to the timestamp, that was uploaded less than 24 hours ago.

I'm not familiar with their site; I assume it's user-uploaded? In that case, it's the same challenge that every user-generated content site has, balancing openness with policing IP violations.