Why is orchid bloom closing?

Could you elaborate on the reasons behind the closure of Orchid Bloom? Are there any specific challenges or issues that the platform has faced recently? Have there been any regulatory changes or market trends that have impacted its operations? Additionally, what steps is the team taking to address these issues and ensure the long-term success of the platform? Understanding the underlying factors behind the closure will help us gain a clearer picture of the situation and its potential implications.