Yeah as a technical matter $4.3bn wiped out is kind of wrong. If I issue a billion iffy coins, sell one for a dollar and then it goes to zero that's more one do

Yeah as a technical matter $4.3bn wiped out is kind of wrong. If I issue a billion iffy coins, sell one for a dollar and then it goes to zero that's more one dollar wiped than the theoretical billion. I'd say this is $600m transferred from investors to insiders. An interesting question is how much of that $600m was degen gamblers and how much was bribes.