Sam Bankman-Fried’s Empire Was Crushed by This Infamous Balance Sheet. Here’s More of the Story

Alameda had multiple ties to Bonfida, the project behind Solana’s version of ENS, the popular wallet naming service in the Ethereum ecosystem. It was the primary market-maker for Bonfida’s native token FIDA. It acquired millions of FIDA tokens by investing in that startup. Notably, Bonfida developers inherited development duties over the purportedly decentralized Serum crypto exchange, another FTX production.