How did Sophon raise $80 million with useless nodes and a bunch of hype?

We researched this last year when the node sale frenzy was kicking off. They started raising back before ZK even had hyperchains (proof they had nothing but ideas). They capitalized on nodesale meta but they raised 80 million dollars which is insane.

What do you think about Sophon Network? I don't think it's a scam but I do think it's a cashgrab.