The contageon that started with 3AC and LUNA which is now taking scalps across the board -- FXT, BlockFi, Voyager, Genessis (Celcius made the same sin, but maybe not directly related) and their leaders being asked hard questions with no good answers.
News filled with hundreds of sob stories, class action law suits, calls of fraud, for the heads of the ceos who were gambling with peoples funds without permission.
This is exactly what would have happened if the American government didnt bail out the banks and let them continue as normal. This bullshit we are living through is proof that the system works - there is no centralised power to help these fuckers anymore.
This is exactly what our banking sector needs. and why we as the remaining believers after all the moonboys lost their money need regulation if not by a government then amongst ourselves.
EDIT: maybe we should start working on a crypto standards authority
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