From the start i always said there was something shady with the Paid platform/team.

They probably ran into regulatory issues with their intermediary bank, or X Money's intermediary bank, or both
Anything involving traditional banks requires strict regulatory compliance including licensing, KYC, AML, and FATF compliance.

They either weren't aware that they were operating in a highly regulated sector or didn't care but i am still pointing my finger that it was originally a farm that got a lot bigger then they anticipated.

How they got away with it for so long is beyond me and why it ever ran to 60m.