Modern 'new growth' forestry is very sustainable, but old growth poaching still happens quite often in the US. I have friends on the regulatory side of logging and I've see illegal activity first hand.
I know that this article is not advocating for the logging of old growth trees, but focusing on the idea that 'old growth is better' can cause customers to value it enough that the extra profit incentivizes illegal harvesting.
Personally, I would like to see densified wood become a viable option. Even lightly densified new growth meets or exceeds the qualities of old growth wood.
https://www.thechemicalengineer.com/news/new-densified-wood-...
https://jwoodscience.springeropen.com/articles/10.1186/s1008...