The "millions of accounts" is highly speculative, is it not? It relies on the idea that failed startups keep their SAAS accounts enabled, rather than offboarding correctly.
I'd say NOT.
Shutdown of a small company running out of funds is rarely fully orderly. Critical things may get taken care of, but everything is unlikely, as people have already left. Plus, with things like already-paid-in accounts, there's even an incentive to keep them open until the term expires, e.g., why not keep the prepaid ChatGPT API account live for execs and techs to use between jobs?
Just like wiping hard drives on EOL computers — everyone should do it every time, but people are always finding full HDDs and SSDs on eBay and Craigslist...