It's the beginning of an end for FTX exchange both the main one and the FTX.us and also the end for Scam-Bankman Fried (well that's how he's being called right now after what happened).

As for FTX, delisting on different exchanges will happen. Binance already started and some other exchange will do the same. As for the token, it might still have a value but don't expect the confidence of people will return because of what happened. They might still use the token to pump and dump depending on how many exchanges it's still listed.

Too unfortunate for those who have funds in FTX exchange and for those who lost their money holding FTT token, but the one who is most affected right now is the employees who trusted SBF so much that most of their salaries are being put into FTT token. They only didn't lose their jobs, but they also lose months' worth of work because of what happened.