FTX's Bankman-Fried Says Collateral Crashed by $51 Billion

The transcript discusses the financial collapse of FTX, highlighting a significant drop in collateral value from $60 billion to $9 billion. A court hearing revealed that a substantial amount of FTX's assets are missing or stolen. SBF, the founder, apologized in a letter, expressing regret over the situation. The crisis has caused a contagion effect, impacting other crypto exchanges and markets, which have returned to 2020 levels.

What did SBF express in his letter to FTX staff regarding the situation?

What was the amount of collateral that FTX reported it was left with after the crash?

What was the liability amount mentioned in relation to FTX's assets?

How did the contagion from FTX affect other crypto exchanges and companies?

What was the state of the markets following the contagion spread?