It is an interesting case in piracy, as being the go-to software for reverse engineers, it also has the biggest target on its back for software crackers. Despite this, newer versions are not always cracked and released publicly so quickly.
It seems each license owner gets their own custom watermarked build of the software. The crack of version 7.7 was leaked from Think-Cell, the excel add-ons company. 8.3 was recently seen released, with an anonymous supplier and Vietnamese cracking group behind it.
Private services like this exist. For $40 a year one lets me stream any show/movie on apps across all platforms including android tv. Seamless netflix-like sync across devices, family profiles, selectable video/audio quality up to 4k, etc