The same way fiat finance builds up and then collapses: most people have no idea what's going on or what any of it means. There's a lot of accounting smoke & mi

The same way fiat finance builds up and then collapses: most people have no idea what's going on or what any of it means. There's a lot of accounting smoke & mirrors to make everything look successful, until it's put to the test. At least with traditional finance there is occasional some effort to reign things in, or at least cover consumer checking accounts. But even there the finance companies employ more lawyers, accountants and experts than the regulators can and so the regulators are usually playing catch up after the collapse. In crypto there's no regulators, just other companies hoping they don't get found out.