There's a documentary about it on Netflix and the impression I came away with is that, while there are fundamental engineering problems associated with a carbon fiber design, they could have probably overcome them in one way or another.
The problem with oceangate is that their CEO was an arrogant narcissist who thought he knew better than everyone, and if anyone stood in his way he would explode with anger at them and fire them. It was a company with absolutely no culture of safety and a cult of personality where people were punished for being honest. The CEO knew about the problems and still somehow believed, to his core, that everyone else (including hard data!) was wrong. He believed in his own infallibility so deeply that it killed him
The problem with oceangate is that their CEO was an arrogant narcissist who thought he knew better than everyone, and if anyone stood in his way he would explode with anger at them and fire them. It was a company with absolutely no culture of safety and a cult of personality where people were punished for being honest. The CEO knew about the problems and still somehow believed, to his core, that everyone else (including hard data!) was wrong. He believed in his own infallibility so deeply that it killed him