According to an official statement on Ryujinx’s Discord server, developer gdkchan was contacted by Nintendo and they were offered an agreement to stop working on the emulator project, and while the agreement wasn’t confirmed yet, the organization has been entirely removed.
Until now the stance was “rofl in Brazil C&Ds are a waste of money”, so the bribe option makes sense.
Suppose that they calculate $1 million in legal costs in order to take the case to a court, then offering something like $200k to delete the repo is a big saving.
The dev of simple mobile apps sold millions of users to an ad company for just $30k which was almost pennies if we think how popular those apps were in the Foss community
Now, backups of the code are widely available, will the development continue without the main dev? Suyu (fork of yuzu) made almost no progress since the fork
C&Ds are essentially free though.