Why the Echo Base Restructuring Launch Is a Red Flag for Crypto ?

[Marcus Thorne 20]

Lmao look at this, another day another boutique advisory firm popping up to cash in on crypto bankruptcies. Saw the news about Echo Base launching this EBRx restructuring line, and everyone in the tg groups is acting like it is some massive bullish milestone for "mature market infrastructure." Are you guys actually hearing yourselves? Ngl, bringing in Wall Street style vultures to help founders manage their liquidations isn't a sign of institutional maturity, it is a giant flashing red beacon that the whole sector is still structurally broken. If these projects had any real underlying value instead of endless vaporware and leveraged to the gills balance sheets, we wouldn't need specialized crisis lines for when things go tits up every single cycle. Every time a new restructuring shop opens up, it just reminds me how many bagholders are still waiting for a bounce that is never coming. They want us to get hyped about professionalizing the wind-down process while most retail portfolios are still down 90 pct from ATH. Why are we celebrating the undertakers showing up early to measure the corpse? Am I the only one who thinks this just institutionalizes the exit scam culture?