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.
Actually have bad news with FTX after several withdrawal looks like pause and not working yet, seems one of huge exchange market will stop working and actually give bad impact later for exchange regulator each country building. Not agree what did by CZ how make FTX rugged and faced bad moment right now for FTX exchange market. I don't see any side agree what did by CZ because he has huge impact with Bitcoin and many altcoin kinds drop drastically more than 50%.
How long this moment happen? if can't stop I don't sure Bitcoin and altcoin can recovery as soon possible, will have attacking back from FTX exchange after did by CZ.