This is the way it is supposed to happen.
The house of cards created by Cefi and exchanges spending their customer's money (fractional reserves) SHOULD go bankrupt. This is the consequence of irresponsible fiscal shenanigans. The corrupt companies go bankrupt, and the companies that foolishly invested in the bankrupt companies go bankrupt. Customers lose their money. The criminals go to jail. There is a revolution.
With government controlled economies, this natural and healthy process gets circumvented, criminals get richer, customers lose money and lose even more through inflation. No one goes to jail. The revolution is postponed and will occur as a disaster of epic proportions in the future.