Why did the Synapse collapse?

Could you elaborate on the reasons behind the collapse of Synapse? Was it due to a lack of liquidity, a security breach, or perhaps a mismanagement of funds? Were there any warning signs prior to the collapse that investors should have been aware of? Additionally, what impact did this collapse have on the overall cryptocurrency market and the investors who had put their trust in Synapse? Understanding the root causes and consequences of such an event is crucial for the future of the industry.