I think it is largely due to the type of sensor in that camera, and the way it refreshes the frame.
If you look at GoPro type footage (I'm not suggesting that this was shot with a GoPro) of helicopter blades or airplane prop blades, for example, the blades will frequently render curved or bent, even though the blades aren't bending in that manner in reality.
This typically comes from using cameras with certain types of sensors that don't incorporate "global shutters" like many professional motion picture cameras do.
I'm not an expert in motion picture camera design and engineering, but I am a cinematographer by profession.