The biggest 2022 rekt came with some small rekts. For India especially.
Under the vicious Indian law, 30% of taxes must be paid for any funds received, whether they are received voluntarily or not. Therefore, there is an opinion that most people will sell their investments to avoid being caught by the tax authorities.
The Indian government, in general, is seriously concerned about crypto taxation, which is quite logical given that local crypto users are among the most active and numerous.
And now after the rekt people will be made to pay tax as well...let's put a crying smile of solidarity!