Yes. Justin Sun took it over, he is a CCP agent. He used something like 8 million USD to buy off the Steemit company. Steemit the company had about 100 million Steempower staked so he got it for a huge discount on price. He had all this power and used it to support witnesses who only supported him. Then later he stole 5 million USD(at the price back in 2020) from dozens of different accounts and sent it to his own account. He stole the money from witnesses who spoke out against him. If you look at steemit.com now it's all chinese posts in whatever that langauge is.

Justin Sun also bought out BitTorrent so that the CCP can spy on all people use torrenting software.