There is a popular saying that invest only what you can afford to loose. Some people are making the mistake of investing all their life savings into crypto and other ventures. Some people even went as far as borrowing money or even using their properties as collaterals to borrow money so as to invest into crypto. This is a wrong idea and it might cost you a lot.
Every investment has its risks. So consider the the risk involved by taking each step at a time and do not jump in once.
There is no doubt in my mind that those that did that are now regretting what they did, but they have no one else to blame but themselves for taking those decisions that everyone warned them them to be bad ideas and it is very likely that now they are desperate thanks to the amount of money that they're losing, I wish them well but it is likely they will lose everything they invested.