Yes, that's one of the systemic failures. Despite proponents saying blockchain tech brings a new level of transparency, it's now very clear there was near zero

Yes, that's one of the systemic failures. Despite proponents saying blockchain tech brings a new level of transparency, it's now very clear there was near zero transparency for companies built around the blockchain. For the layperson, there is no way you could have done proper DD for these investments because the regulations to force disclosures that could have helped you did not exist. However, the inability to do proper DD on their claims due to the information not existing probably should have served as a form of DD.