How much was lost in FTX?

Could you elaborate on the financial losses incurred by FTX? I'm particularly interested in understanding the magnitude of these losses, as they seem to have caused significant ripples in the cryptocurrency and finance industries. Did the collapse of FTX result in billions or merely millions being wiped out? Was this a one-time hit or did it involve a prolonged period of financial bleeding? I'm also curious about the impact these losses have had on investors and the broader market. Your insights would be greatly appreciated.