Just when things started to look a bit better again, the unimaginable happened: FTX, the US based crypto exchange founded by Sam Bankman-Fried experienced a bank run and it quickly became apparent that FTX did not have the necessary funds available to satisfy their client's withdrawal requests.
It's currently hard to come up with an interpretation of the situation that doesn't involve malicious intent on the side of FTX and Sam Bankman-Fried's other big entity, Alameda. This situation has surprised even the most hard-boiled crypto enthusiasts and made many question their involvement in the space.
Seen from another perspective, it was again a highly centralized and known to be extremely predatory organization that blew up, not any of the technologies or protocols that we are actually here for. Let's hope that with time the original ideas of crypto prevail, the few remaining good actors in the space keep their faith and help rebuild what's been destroyed by the greed of others.