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It was, IIRC, 3 separate breaches, plus a situation where the default KDF iterations on the vault was set to low as to actually make said encrypted data crackable.
The last I don't really blame them for necessarily, but rather shows that they weren't paying any attention to what their platform would actually protect against and what the threat landscape was and thus they never increased it and worse, when they did, they didn't force older vaults to increase it because it would be mildly inconvenient to users.
Basically, just a poor showing of data stewardship and if there's ONE thing you want your password manager to be good at, it's that.
Yeah that tracks, tbh I had set mine higher so wasn't an issue for me - but their UX, particularly on Android, is appalling.