Now, as FTX unravels people say the media was complicit. Politicians were bought off. It's more proof the establishment was corrupt! All roads seem to lead to this dark world view.
Since time imemmorial this hasn't been true. It's worse now than it's ever been. You can't even vote the corruption out at this point. So, we will never have that mythical democracy nor justice system.
They feed on each other. The corrupt crypto people corrupt the establishment, which looks the other way, and the feedback loop continues. One does not negate the other and especially in the case of finance it's entirely possible to have exactly 0 good guys. The media has no interest in the telling the truth. There's no financial incentive. Hence every "fact checker" is a consummate liar, and every "journalist" is just an opinion pundit with (perhaps) a bachelor degree. We are literally living in the Truman Show. All it takes is a little money to change the public's perception of a person.