I don’t believe CZ intended to blow up FTX in this fashion. It seems more likely that CZ only intended to knock SBF down a peg or two after SBF’s attempts to sway US regulators into legislation that would benefit FTX and hinder the wider crypto community. It’s only because of the massive size of the FTX hole that CZ’s nudge was enough to completely implode FTX.

On paper, the FTX collapse looks really bad for Solana and while I expect the price to continue to tank for the near term, assuming the Solana ecosystem makes it through the other side I think this is actually a long-term bullish event as it’s going to make a massive impact on the decentralisation/distribution of SOL tokens as FTX’s SOL gets liquidated and distributed to the market. It’s going to be a long hard road, but I’m not counting Solana out.

Crypto mainstream progress has likely just been sent back 1-3 years, potentially more. Besides the retail customer's funds lost, this is the most upsetting part of this whole debacle. It’s enraging to look back at all the publicity SBF had that in retrospect was complete lies and fabrication. Crypto collectively has worked for so many years to get a seat at the table only for SBF to completely shatter that trust.