Which involves the banks how? And it’s highly unlikely Crypto business losses would be insured. The investors could sue to attempt to recoup losses, but it’s highly unlikely his personal life insurance policy would cover that loss anyway.Death by accidentally causes means insurance gets involved. Losses will likely be covered there, at least to some degree. Unless they were operating a 100 million dollar business with no insurance in which they were idiots.
That won't prevent the n=1 reports (as in "I did it and I came out just fine!!!11!!11!") from piling up.I said it in another thread and I'll say it here - being in crypto is like being on a rollercoaster that never underwent OSHA inspection. You might live through the ride.... or you might get launched into the parking lot when your seatbelt fails.
IMO I don't think that crypto will go down - I think that the (very few) truly altruistic devs will ultimately come together when they realize that corruption is going to kill their creation and do something about it. Look to decentralized exchanges or other forms of P2P trading and things like that.super elaborate ponzi pyramid scheme, crypto will go down in history as first in, first out with sucker's money...
i suspect cryptopia is going through the same thing right now.
the only losers of these "exchanges" are the people who participated by buying and storing coins there.
all this will either push everyone to use an offline storage for their coins, or convince everyone that crypto really is a dead end but not for the ones that got in first.