That Crypto AG had sold vulnerable machines was not a secret when he bought it. He either didn't want to know, or was so stupendously bad at due diligence that he didn't find out what anyone with 15 years history on cryptography could have told him. Either way, I'm not crying for him.
But the revocation of unrelated export licences this year by Switzerland out of embarrassment was deemed illegal, and that really is too bad. Bern killed a company, and cost Zug 80 jobs. Not cool.