Am I reading this incorrect or is Hindenburg’s report on $SQ very bias/incorrect/making assumptions?

Per Hindenburg, SQ stated they had 80m annual users in 2020

In $SQ’s response to the hindenburg’s verification concerns, they stated they had 39m unique SSN’s across 44m verified accounts. Hindenburg is now claiming that SQ is lying and inflating their user counts to investors (44m vs 80m) however the remaining amount of accounts are clearly unverified accounts, right? If so, what a silly take this is. Unverified accounts have strict sending and receiving limits just like any other website or service.

Please correct me if I am wrong