The market had been building toward collapse for months. Bitcoin fell from its 2021 peak of $69,000 to $16,000, kicking off the worst winter the industry had seen. OpenSea’s valuation tumbled about 90 percent. Terra/Luna imploded in May 2022—erasing more than $40 billion from the Terra ecosystem in 72 hours, wiping out retail investors worldwide. Three Arrows Capital, one of crypto’s largest hedge funds, collapsed shortly after. Then in November came the infamous fall of Sam Bankman-Fried’s exchange FTX, the industry’s golden child, undone in a week. He would ultimately be arrested and convicted of seven counts of fraud and conspiracy, stealing as much as $10 billion from customers. “Devin isn’t my first time advising one…