Sounds like they got caught with their pants down and their willies hanging out.  It is easy to spend when times are good; hard to cut back when they are not.  The miners went nuts when prices were high.  Paying the price now.

Coin Marketplace

STEEM 0.18
TRX 0.14
JST 0.029
BTC 57810.45
ETH 3116.57
USDT 1.00
SBD 2.43