Oh for sure, I don't doubt that. The issue that I take is that their FAQ - which I imagine is rarely actually read by users, but is definitely read more often than the ToS - is directly contradicted by their ToS. While they say they only collect one data point in the FAQ, the ToS outlines several other data points they collect. While they say they don't share your collected data with third parties, the ToS states that they may share your collected data with third parties for advertising purposes. The FAQ denies being connected to crypto schemes, despite their founder (Tiffany Zhong) and parent company being heavily involved in crypto.

While these are all standard practices for just about every web platform, it's the lies in the FAQs that should be concerning to users. If they would have just said exactly what they do with your data or what their background is in, or even just not included it in the FAQs at all, I wouldn't have any problem with it. But they're willing to openly lie to their users, and I don't think they should be trusted.