SBF may not have made much of a splash in the world of League of Legends, but he definitely caused a stir in the crypto market. On November 6th, after SBF assured user withdrawals on FTX would remain active, the crypto market cap was sitting at ~$1Tn. By the 9th, the market cap had fallen to $736Bn, and FTX had frozen withdrawals. Reportedly, $8Bn to $10Bn of user funds are missing. Shortly after, the world discovered that SBF’s entities, the exchange, FTX; the hedge fund, Alameda; and SBF’s venture fund, were in a complex, intertwined polycule and most likely fraudulent relationship. The FTX collapse caused harm to many projects, particularly Solana. With Alameda as one of its largest holders, Solana has found itself in a difficult situation.