Why did investors pull out of FTX?

One cannot help but wonder, what led investors to withdraw from FTX? Was it a lack of confidence in the exchange's operational stability? Or perhaps concerns over the regulatory environment surrounding cryptocurrencies? Maybe it was the recent revelations about the financial health of the company that sparked this mass exodus? Did investors fear that their funds were not safe? Or did they simply not see a promising future for FTX amidst the volatile crypto market? Could it be a combination of these factors, or perhaps something else entirely? It's a puzzling situation, and one that deserves further exploration.