For me, this is not good for the cryptocurrency industry if there will be a loser here. We all know FTX and Binance exchanges are huge and well reputable.
Let's say FTX will be rugged and forced to shutdown, then it will be a loss for the crypto industry, regulators for sure will take this as a lesson and become more strict in regulation cryptocurrency even with how big or good the exchange is.
That's exactly my thought too. It's not even about who wins but the scar that will be left on the crypto industry. Those two are major players in this industry and for them to dance naked publicly shows the unnecessary display of ego in man. Now, these two elephants are fighting; it's the grass that suffers it. Again, this incident is more likely to make SEC and other regulatory bodies begin to poke their noses into both exchanges. Unnecessary invitation.