No argument from me there. I was just narrowly addressing the point in stale2002's comment.
Though to be honest, it is well known that the long term fate of any crypto exchange is to go bust. So no one could really claim that they didn't know it was coming.
Crypto is glorified gambling. (At least so far. In principle, crypto can mature over time into something more serious.)
I don't think it can, because all those serious things already exist and require the kinds of governance that the crypto promise rails against.
That is exactly what is happening. There is lots of lies being told, with no transparency, and then people's money disappears.
Instead of that, if people money disappears, we should arrest the people who made it disappear.