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Might've been 'PS5 Linux lead quits: "a bunch of noobs using LLMs" that "they don't understand"'

https://news.ycombinator.com/item?id=49727627

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I didn’t see it here, but I do believe that’s it!
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Sucks for the hoarder, but that is indeed how bug bounties are supposed to work. The first reporter gets the payout, disincentivizing sitting on valid vulns.
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Unfortunately the goal here wasn't to get the bounty, it was to keep it out of the hands of Sony who'll patch it.

The issue, as I understood it in this case was that he wanted it kept quiet until GTA6 launches, because announcing it to the public also announces it to Sony, and they'll patch it; normally that's fine, everyone just doesn't update, but given GTA6 is apparently quite popular, my understanding is that he wanted to let everyone get that one last update that allows GTA6 to run before they're stuck on that version.

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That was my sense. It takes time to figure out how to use a bug as an exploit.

So normally if the community found this stuff I guess they’d work together to make a jailbreak. Maybe they already were working on that with bug X but hadn’t told anyone.

The JoeClaudeUser posts publicly “Hey everyone I found bug X over here! I’m awesome!”.

Now it can’t be used because Sony will fix it. If they had already been using it behind closed doors all that work is flushed.

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That's exactly how I understand it, and from further reading, it seems Sony has now patched it already so it's game over.
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Plot twist: They're actually TLA staffers who don't want their backdoors burned.
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I think the hoarder just wanted to have rooted PS5
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I noticed this exact flavour of frustration in the webOS jailbreak scene. Some newcomer proudly announced a vulnerability they found only to be met with hostility because it was seen as premature and unnecessary given there was already an existing jailbreak available that had yet to be patched.
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