IE like Crypto AG:
In 2020, it was revealed that the Swiss company, Crypto AG, which provided secure communications services to ~120 governments throughout the 20th century, was secretly ran by the CIA and West German Intelligence. The CIA and later NSA were able to read encrypted communications for many countries such as Saudi Arabia, Iran, Italy, Indonesia, Iraq, Libya, Jordan and South Korea.
The Proton CEO did make suspicious US political statements despite being Swiss. That combined with their misleading marketing on social media.