Of the collapse of FTX undoubtedly they become losers but the user of ftx tokens lost the most and also affected the whole crypto market. And also, it will affect more to the user who still has not sold their ftx token. Though the crypto market will turn positive ftx token holders may not recover their fund anymore like terra.
Yes, no one should remain in any doubt regarding FTX and their token FTT. There is zero percent chance of their recovery. The holder of FTX token has lost all their money just like the Holders of LUNA token had lost money earlier this year. Also, those people who have funds in FTX exchange won't be able to withdraw.
Even if the bull market returns, this loss won't be recovered as these tokens and the FTX exchange won't recover and return people's money. This is very unfortunate when we see such things happening with the crypto currency projects.
Main difference between FTT and LUNA, that they started to print Luna, FTT still the same, ofc its not financial advice, but in some time, FTT token will increase value and FTT will resume working and will make payments to all customers