How much did FTX liquidation?

Could you please clarify the amount involved in the FTX liquidation? I've been following the news about the collapse of the crypto exchange, but the specific financial details remain murky. Was it a multibillion-dollar loss, or was it less severe? How did this liquidation affect other crypto markets and investors? Was it a result of poor management, hacking, or some other factor? I'm interested in understanding the broader implications of this event for the crypto industry and the financial markets at large. Thank you for your time and expertise.