It honestly could be either. But the most likely thing to happen is a big company (Disney, HBO, Netflix, ect) sends lemmy.ml a take down request that the mods decide is not worth fighting and they nuke the community. The nice thing is someone could always spin up an instance focused on piracy and ignore take down requests.

I actually think it would be really cool to have a Lemmy instance in Switzerland or somewhere that hosts communities like piracy, open signups, cracked games, ect.