This isn't really an answer to the question, but I just saw a Mastodon post about an online store that's opening this October called Artisans.coop
It seems to be a cooperatively owned Etsy alternative, (and I can only assume it's a response to whatever shenanigans went on between Etsy and Silicon Valley Bank.)
I might check that out. I have a small Etsy shop that used to generate a bit of side income for me, mainly just enough to buy the occasional tool or some materials for personal projects, but Etsy has changed a lot since 2018. It's basically just eBay or Amazon with the veneer of "this is totally handmade." They pushed "free" shipping and decreased lead times, which undermines actual handmade products.
My assumption that this was about SVB sounds totally off the mark now that you've put it this way. From your story, it sounds like this is about an entire culture shift that's been alienating Etsy's original community of artisans for quite some time.
I'm pretty sure the main issue with etsy these days is that they allow/encourage dropshippers so now it's just filled with cheap crap from AliExpress etc