No, some of the core Gitea developers decided to incorporate a Hongkong based for profit company to better monitize services offered to companies.
This by itself is not such a bad idea, but it was communicated incredibly poorly with the community left in the dark for at least half a year and the subsequent fallout was also dealt with poorly.
I think the best way forward for self-hosters is Forgejo because of that, but that doesn't mean Gitea is currently a bad choice.
I think they aren't the ones who made the fork tho but just the ones with the most resources out of everyone working on the project. Correct me if I'm wrong.