Why did lido shut down?

Could you please elaborate on the reasons behind Lido's shutdown? I'm quite curious to understand the circumstances that led to this decision. Was it due to financial difficulties, regulatory pressures, or perhaps some other factors? Could you provide some insight into the challenges they faced and how they ultimately led to the shutdown? I'm also interested in knowing if there were any warning signs or indicators that hinted at this outcome? Thank you for your time and assistance in clarifying this matter.