The second worst time in history will be in 5 years when your parent asks "why didn't you buy back in, things were so cheap, anyway here's your rent money, pay it back when you can"
Nothing other than the price, which is just random people gambling like they are on Robinhood, has destabilized. Quite the opposite actually. All entities that are in trouble have been completely centralized entities, just like Google, Apple or AMZ are. They don't use the blockchain for their service. It's all centralized and they are largely gambling venues.
Meanwhile, anything that's on-chain like Uniswap, Aave, Compound, etc has been quietly humming along without outages or drama. You just don't hear about it because well, nothing happened there and it has been working just as it should. Same when the market crashed a few months ago, it worked flawlessly.
The fact that these centralized entities can do shady stuff with customer deposits without anyone noticing is actually the biggest argument for crypto, which is fully transparent and auditable by anyone. Not your keys not your coins has been true forever. The problem is that the vast majority of people doesn't understand this concept and thinks that Binance/FTX/Coinbase/etc has anything to do with blockchain stuff. They don't. They're just your normal centralized middleman. It's like saying "The internet is going down because AOL failed"