Where did all the money go in FTX?

Can you explain, in simple terms, what exactly happened to the funds at FTX? Was it a case of mismanagement, fraud, or a combination of both? Did the funds simply vanish into thin air, or were they transferred to other accounts? What are the authorities doing to recover the missing money, and what steps are being taken to prevent such incidents from occurring in the future? The cryptocurrency community is eager for answers, and we need to know where all the money went in FTX.