Well the whole situation was just the result of multiple black swan events all happening at once.
I think the two biggest factors were the FTX manipulation and just the overall timing. The big 20% web3 price drop which signaled the bear market happened like the day after. Between that and all the futures manipulation and false FUD, I don’t think there’s anything any foundation could have done to prevent negative price action.
I lost a lot of money myself, but I’m still here and bullish, ICP will win in the end!