What happened to Kaneva?

Could you elaborate on the circumstances surrounding the demise of Kaneva? Was it a gradual decline or a sudden collapse? Did market conditions, technological advancements, or other factors play a role in its downfall? How did users and investors react to the news? Were there any efforts made to revive the platform or transfer its assets to another entity? I'm particularly interested in understanding the root causes of Kaneva's downfall and what lessons can be learned from its demise.