What's even more impressive is how quickly the crypto community is speed-running the history of financial fraud from penny stocks to bank runs. From Wikipedia,
> Several leading Wall Street bankers met to find a solution to the panic and chaos on the trading floor.[14] The meeting included Thomas W. Lamont, acting head of Morgan Bank; Albert Wiggin, head of the Chase National Bank; and Charles E. Mitchell, president of the National City Bank of New York.[15] They chose Richard Whitney, vice president of the Exchange, to act on their behalf.[citation needed]
> With the bankers' financial resources behind him, Whitney placed a bid to purchase 25,000 shares of U.S. Steel at $205 per share, a price well above the current market.[16] As traders watched, Whitney then placed similar bids on other "blue chip" stocks.
> On October 28, "Black Monday",[17] more investors facing margin calls decided to get out of the market, and the slide continued with a record loss in the Dow for the day of 38.33 points, or 12.82%.[12]
> On October 29, 1929, "Black Tuesday" hit Wall Street as investors traded some 16 million shares on the New York Stock Exchange in a single day. Billions of dollars were lost, wiping out thousands of investors. The panic selling reached its peak with some stocks having no buyers at any price.[18] The Dow lost an additional 30.57 points, or 11.73%, for a total drop of 68.90 points, or 23.05% in two days.[19][20][21][22]
...
> Many people blamed the crash on commercial banks that were too eager to put deposits at risk on the stock market.[49]
> In 1930, 1,352 banks held more than $853 million in deposits; in 1931, one year later, 2,294 banks failed with nearly $1.7 billion in deposits
Does any of this sound familiar?