Nobody is denying that, but you are misunderstanding his argument.
There is a difference between a ponzi scheme collapsing from lack of new "suckers" vs pulling the plug on the site. I think what he is trying to say is that there were plenty of suckers left, and the loss now feels artificial.
Somebody is going to pay though. I'm sure (I hope in this community) everyone knows that.
There are always losers in every ponzi scheme.