I don't think it's necessarily the end of crypto if a centralized organization like Binance or Tether goes bankrupt. While these organizations do play a significant role in the crypto ecosystem, there are a lot of other factors that contribute to the success of cryptocurrency.

If you look at the history of crypto, it was initially created as a way to decentralize financial systems and remove the need for central authorities.

So, in theory, crypto should be able to survive without these centralized organizations. That being said, I do think it would have an impact on the overall crypto market if one of these organizations were to go bankrupt . It could potentially cause a drop in prices or even a loss of confidence in the industry. But I don't think it would be the end of crypto altogether.