IIRC they’re a totally private company and in one interview about the graphics card exit it honestly sounds like the founders/owners would rather go out of business than tarnish their reputation even by selling to someone else. So yeah it’s possible they’re just winding the whole thing down.
Ultimately they’ll spin it as this guy being framed, etc and his only chance of staying alive being fleeing to a non-extradition country. They were already implying he was disappeared, so that’s not a stretch.