He has forked the project (to something that does not share the same goals so "fork" is arguable here), took the name, the cash and the goodwill.
We went from "we have enough donations/donators" to "how do we pay for the upcoming AWS bill?".
As someone who has been fairly active on the "old freenet", I have never cared about money nor funding... but I cannot help but notice that some has likely been misappropriated. Things like the SUMA award (https://web.archive.org/web/20150320201527/http://suma-award...) were awarded specifically for "protection against surveillance and censorship" that the "new freenet" does not even aim to provide.
"The board" of the non-profit seems to have been culled just before the decision. I don't know why, I wasn't on it. Maybe @agl can shime in (he was).
All I know is that this could have been handled better. It's what I wrote back then on https://www.mail-archive.com/devl@freenetproject.org/msg5527...