It feels like a setup. Banks and SEC needed to take out Crypto value from within to set their regulatory framework over it. The kids running FTX were beyond incompetent and it just seems implausible they did this without some help from SEC looking the other way. This is how the banking cartels do things. They do it with Nation States and they do it with corporations they want to take down and it would make sense to do it to crypto. Insert some bad actors. Platform them within the community, further validate them from the banksters own power base outside of Crypto. allow them to hide a massive amount of unsecured debt and then crash them into themselves. From there its rubble ripe for the picking. BTC is cheap to buy up, regulation will be easy to force onto the community in shambles and the new players will be owned from the start.
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