This is a non sequitur. "Investors might buy senior debt in a defunct crypto marketplace" is not actually a problem facing labor as a class.
Even though this has been down voted into oblivion, I’ll bite: to what political ends would you propose the labor class exercise their power?
To the same ends the capitalist class has if they choose. I think the risk is necessary to take, given how the alternative has worked out.
It's wild to me that tech workers will still downvote stuff like this after the season of layoffs we just had. Google is "trimming the fat" while making 18 billion a quarter. To what end? How about preserving the middle class and ending the monopoly power of these firms?
Because they're temporarily embarrassed founders who could _totally_ see themselves having to make a decision like this.