If indeed FTX goes bankrupt, it will be a big disaster for the crypto world and you can be sure that the FTX token will no longer be valuable, because it is no longer used. Hopefully there is still a way to save it
I think the exchange will still exist but with another ownership. There will be a long procedure to take over FTX exchange after the bankruptcy. FTX token will be fine in aspect that it won't die and disappear.
I don't know what is the price of FTT token in its ICO, lowest price. Maybe we have to prepare for the bad when the token will fall to ICO price. I still positively think that the token won't be divided hundreds or thousands of times like Terra $LUNC.
At least Sam did more quickly response than Do Kwon and it reduces panic. More than that, there is no billions of FTT token minted from the air like LUNC token.
How long for the bankruptcy to settle? And if someone wants to take over FTX, then how long it takes for the ownership transfer?