Bellerophon said..
He said he changed the foil MAST, not the fuselage..
And that is indeed what the video of his crash shows, if you look at it in slow motion. Here's a screen shot about 1 second before things go wrong:

Note the angle of the board. Nico's body position is too the outside, so he is putting considerable sideways pressure on the mast.
Here's a screen shot from a second later:

The angle of the board has changed a lot. The back leg is now more extended than the front leg. This happened because the mast cavitated, and could not hold the sideways pressure anymore - so it slipped to the side. Anyone using a 60 cm mast with a Slingshot foil will be used to this feeling. I've seen a top-level foil instructor have nasty catapults after such a "spin out".
As for why Nico catapults after the mast cavitates, it's easy to come up with theories. For example, the air bubble could have extended from the mast to the foil, like in the second video aeroengr posted. Or the foil may have lost lift because it suddenly was at a ~ 25 degree angle to the direction of travel. Or he simply had too much of his weight on his front foot when the back leg extended, so the sail pulled him over the front. But it does not really matter how exactly he crashed. Recovering from a mast suddenly slipping to leeward while fully powered, probably going 30+ knots, seems like a near-impossible thing to do.
Nice work from Nico to discover the cause of his crashes, and to explain things nicely in the video. Thanks to aeroengr for posting the vids.