Yeah they got a good feast. I think more is to come. Banks/Funds being allowed to buy crypto and the change to 0% fractional reserve preceded this bull run, so their hubris will end it.

Yes, lots of offshore debt, but a liquidation sale in China's property market will be devastating to other property developers. Evergrande will almost certainly default too. Total debts that will be defaulted

Owning the NFT isn't meaningful without owning the rights to the image. The technology is great, but what's happening with it is bordering on the absurd. But you can't fault a hammer for what a monkey