Their quality is a shit. I bought a wave+ 2 years ago, broke within a couple months (spring in pliers broke making pliers unusable). Sent it back and they say it’s not repairable so they give me a different one (mine was laser engraved). Then the replacement breaks (spring that holds pocket clip in place). I don’t even use the Leatherman that much, and wasn’t doing anything that could be outside of light use.
From what it sounds like they hit the enshittification trap too. I’ve had one from the late 90s that is still going strong. But now I’m hearing of more and more issues with them.