If crypto people are destroying other crypto people it's basically seen by much of society as beneficial mutual attrition.
But how many normal people bought and lost crypto with FTX because of their Super Bowl ads and celebrity endorsements? How many people thought FTX was just the new normal for investing and they should get in before getting left behind (anaglagous to to how once upon-a-time stocks made a transition for ordinary people from bucket shop gambling to mainstream investing)?
Sure would be nice to read an article about normal people who bought crypto with FTX as a result of the mainstream ads and endorsements.
That's not necessarily a catastrophe: "The FTX loss amounts to less than 0.05% of the pension plan’s total net assets and it remains in a financially strong position, according to a statement on the Ontario Teachers’ Pension Plan website." But, still, that's a lot of people who didn't think/know they were invested in FTX... but they were.