Just the same old greed that clouded peoples minds. They saw BTC/ETH/etc. get pumped time and time again. Some investors must have known it was a massive scam,

Just the same old greed that clouded peoples minds. They saw BTC/ETH/etc. get pumped time and time again. Some investors must have known it was a massive scam, but thought - hey, what if I successfully exit before the bagholders? What if I am the ONE that makes a fortune off this deal? But alas, the thing with many of these crypto startups is that they crash and burn so fast. One minute they're worth billions, the next minute the founders have vanished or in custody. Regulations are coming, no mater how much the crypto fundies hate it. Regulations don't conjure out of thin air, they are almost always reactionary measures. So maybe that's one good thing to come out of it all - these companies will be forced to be more transparent, as well as facing hard jail-time if/when they play with client money.