They say they are interested in the blockchain technology, but it doesn't work without tokens.
We've heard this one so many times before

>> 'It's kind of like the tech equity bubble in the run up to 2001' <<
its all here, these suckers are irrelevant to bitcoin and its blockchain.
they just burned tons of cash to mimic commercial banks.
their failure is inevitable and a blessing for the holy ledger.
The fewer people/businesses use bitcoin, the more valuable it is.