Why - unless you're being sarcastic? Looks to me like the system is working Early warning system pushed the bank to unwind positions before hurting depositors. Regulation appears to be working well, for once.
How so?
My guess is the loss of a crypto on/off-ramp in USA.
They provide (provided) good quality, legal, regulated, transparent services to a market that often lacks all those things. They were a small company just trying to "get by" and they worked hard to get into a good position. Now they've been killed by regulators both under and over regulating them. They're basically collateral damage to congress refusing to do it's job...