Evidently, few people continued to pay much attention to the project, because an exploiter was able to come along and perform a governance attack targeting the users who still had active smart contract approvals with the defunct project. They published and voted on a proposal to allow them to upgrade the smart contract in such a way that they could then take advantage of the approvals to transfer the tokens to their own wallet address. Ultimately they made off with around assets notionally worth around $1.1 million.
Although developers abandoned the Atlantis Loans defi lending project in early April due to "financial difficulties", as a self-executing defi protocol it has continued to chug along rather like a zombie. As the developers wrote when they abandoned the project, "Atlantis Loans as a protocol is fully decentralized and the only way to make changes or turn things off will have to be done through the governance."