I agree this appears to be a planned operation to hurt crypto, and manipulate the market. I think a lot of money is being made off volatility.
But the interesting thing is if this paradoxically makes us stronger, by forcing us to develop decentralized rails.
Crypto is like a toddler, who thinks its a teenager. But ever hack reminds us of how immature we are, and vulnerable to exploits on so many levels. Market manipulation is just one of many things in the crypto ocean which seek to eat us alive.
definately not an envirnment for the weak or faint of heart.